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[The following information applies to the questions displayed below.] Glasgow Corporation has the following inventory transactions during the year. Unit Date Transaction Number of Units
[The following information applies to the questions displayed below.] Glasgow Corporation has the following inventory transactions during the year. Unit Date Transaction Number of Units Cost Total Cost Jan. 1 Beginning inventory 43 $ 35 $ 1,505 Apr. 7 Purchase 123 37 4,551 Jul.16 Purchase 193 40 7,720 Oct. 6 Purchase 103 41 4,223 462 $17,999 For the entire year, the company sells 412 units of inventory for $53 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 Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units Cost per unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory Beginning Inventory 43 $ 1,505 Purchases: Apr 07 123 4,551 Jul 16 193 7,720 Oct 06 103 4,223 Total 462 $ 17,999 Sales revenue Gross profit
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