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Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number of Units 28
Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number of Units 28 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Unit Cost $ 30 29 33 28 Total Cost $ 840 957 1,064 988 $3,849 00 ww 00 26 137 For the entire year, the company sells 101 units of inventory for $38 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Average Cost of Goods # of units Cost per Available for unit Sale # of units Sold Average Cost per Unit Cost of Goods Sold # of units in Ending Inventory Average Cost per unit Ending Inventory $ 840 Beginning Inventory Purchases: Mar.4 957 Jun.9 1064 Nov. 11 38 988 Total [ 137 137 $ 3,8491 Sales revenue Gross profit
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