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[The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Unit cost Date Transaction Jan. 1
[The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Unit cost Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun.9 Purchase Nov. 11 Purchase Number of Units 15 20 25 25 85 $ 17 16 15 13 Total cost $ 255 320 375 325 $1,275 For the entire year, the company sells 65 units of inventory for $25 each. Exercise 6-5A Part 3 3. Using welighted average cost, calculate ending inventory, cost of goods sold, sape's revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole numbel) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Ending Inventory . Weighted Average Average Cost Cost Weighted Average Cost Average cost of Goods Average # of units # of units Cost per Available for Cost of of units Average Cost per Sold in Ending Ending Cost per Goods Sold Sale unit Unit Inventory Inventory unit Beginning Inventory 255 Purchases Mar 4 20 320 25 375 25 Total 1,275 15 $ Jung Nov 11 325 85 $
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