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Return to Required information The following information applies to the questions displayed below.) Part 1 of 4 During the year, TRC Corporation has the following

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Return to Required information The following information applies to the questions displayed below.) Part 1 of 4 During the year, TRC Corporation has the following inventory transactions. points Number of Units Unit Cost $ 44 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 132 202 Total Cost $ 2,288 6,072 9,898 5,600 $23, 858 49 112 50 For the entire year, the company sells 432 units of inventory for $62 each. Return to question For the entire year, the company sells 432 units of inventory for $62 each. Part 1 of 4 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is complete and correct. points FIFO Cost of Goods Available for Cost of Goods Sold Ending Inventory Cost # of of units per Cost of Goods Available for Sale Cost per unit Cost of Goods Sold Cost per #of units units Ending Inventory unit Beginning Inventory Purchases 52S 44 $ 2.288 52 $ 44 $ 2,288 0 Apr. 7 6,072 9,898 Jul. 16 132 202 112 498 $ 46 $ 49 $ 50 132 202 46 432 $ 46 $ 49 $ 50 6,072 9.898 2,300 $ 20,558 0 0 66 6 6 Oct.6 5.600 $ 50 3,300 Total $ 23,858 $ 3.300 Return to question 3 Part 1 of 4 Required information Inventory Purchases Apr. 7 132 Jul. 16 202 Oct.6 112 Total 498 $ 46 $ 499 $ 50 S 6,072 1 32 ,898202 5,600 46 23 858 432 $ 46 $ 49 $ 50 6,072 9.898 2,300 $20,558 0 0 66 66 points $ 503 $ ,300 3,300 Answer is complete and correct. Sales revenue Gross profit $ 26,784 $ 6,226 Check my work 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Part 2 of 4 LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per unit Cost of Goods Available for Sale $ of units Cost per unit Cost of Goods Sold #of units Cost Ending per unit Inventory points eBook Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Hint | References 0 Sales revenue Gross profit Check my work 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 Cost of Goods Available for of units Cost per unit Cost of of units Cost per Unit #of units In Ending Goods Sold Cost per unit Ending Inventory Sold inventory Sale Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 9.800 5.000 23 858 Sales revenue Gross profit

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