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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 24
Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions Number of Units 24 - Unit Cost $ 26 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Total Cost $ 624 725 816 748 $2,913 For the entire year, the company sells 90 units of inventory for $34 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 Answer is complete but not entirely correct. Cost of Goods Sold - Weighted Ending Inventory - Weighted Average Average Cost Cost # of units # of Average Cost of Average Ending units Cost per Goods Cost per Inventory Ending Unit Sold Sold unit Inventory Weighted Average Cost in # of units Average Cost per unit Cost of Goods Available for Sale 624 24 725 Beginning Inventory Purchases: Mar.4 Jun.9 Nov. 11 Total 34 34 816 748 2,913 121 $ 24.07 $ 90 $ 24.70 $ 2,167 31 $ 24.70 $ 766 Answer is complete and correct. Sales revenue Gross profit $ 3,060 $ 893
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