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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. Date Transaction Jan. 1
Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 29 34 39 39 Unit Cost $ 31 30 29 27 Total Cost 899 1,020 1,131 1,053 $4,103 141 For the entire year, the company sells 110 units of inventory for $39 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 Beginning Inventory 29 899 Purchases: Mar.4 34 1,020 Jun.9 39 1131 Nov. 11 39 1,053 4,103 Total 141 $ Sales revenue Gross profit
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