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Required information [The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Number of Units 48
Required information [The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Number of Units 48 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 128 198 108 482 Unit Cost $ 40 42 45 46 Total Cost $ 1,920 5,376 8, 910 4,968 $21,174 For the entire year, the company sells 427 units of inventory for $58 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Ending Inventory - Weighted Average Cost Cost Weighted Average Cost # of units Cost per unit Cost of Goods # of units Available for | Sold Sale Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 1,920 728 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 198 108 482 5,376 8,910 4,968 21,174 $ Sales revenue Gross profit
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