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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. Date Transaction Jan. 1
Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 42 122 192 102 458 Unit Cost $ 34 36 39 40 Total Cost $ 1,428 4,392 7,488 4,080 $17,388 For the entire year, the company sells 411 units of inventory for $52 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 Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units Cost per unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 42 $ 1,428 122 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 192 4,392 7,488 4,080 17,388 102 458 $ Sales revenue Gross profit
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