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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 Unit
Required information The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions Number of Units Unit Cost Total Cost 56 $ 48 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 50 136 206 116 514 $ 2,688 6,800 19,918 6,264 $26,670 For the entire year, the company sells 442 units of inventory for $66 each 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average per unit" to 4 decimal places and all other answers to the nearest whole number.) For the entire year, the company sells 442 units of inventory for $66 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 Good Sold Weged A n d White Viehted Aver Cost per Cost of Goods available for # of units units Sold Cost per Unit en Cont of Goods Sold # of units in Ending Inventory Cost per unit Ltd Inventory Sale 2,688 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 6,800 10,918 6.264 26,670 Required information 2.522 Beginning Inventory Purchases Apr 07 Jul 16 Od 06 5 800 10918 6,264 26,670 514 $ Sales revenue Gross profit
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