[The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 51 $ 43 $ 2,193 Apr. 7 Purchase 131 45 5,895 Jul. 16 Purchase 201 48 9,648 Oct. 6 Purchase 111 49 5,439 494 $ 23,175 For the entire year, the company sells 431 units of inventory for $61 each. 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

Required information Weighted Average Cost Cost of # of units # of units Cost per unit Cost of Goods of $ # of units Available for | Sold Sale Cost per Unit Cost per unit Ending Inventory Goods Sold in Ending Inventory $ 2,193 131 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 201 5,895 9,648 5,439 23,175 111 494 $ 43 $ 20,218| 63 $ 46.9129 $ 2,957 Sales revenue Gross profit | $ $ 26,291 6,073