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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 Unit Cost 48 $ 40 128 42 198 45 108 46 Total Cost $ 1,920 5,376 8,910 4,968 $21,174 482 For the entire year, the company sells 427 units of inventory for $58 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.) Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units # of units Cost per unit # of units Sold Cost per Unit Cost of Goods Available for Sale 1,920 Cost of Goods Sold in Ending Cost per unit Ending Inventory Inventory 48 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 128 198 108 482 5,376 8,910 4,968 21,174 $ 427 $ 18,644 5 5 $ 2,530 & Answer is complete but not entirely correct. Sales revenue Gross profit $ $ 24,766 6,122
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