Homework Chapter #6 Help Save & Sub Check my work For the entire year, the company sells 440 units of inventory for $64 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 Cost per of units Cost of Goods Available for of units Cost per Cost of Goods Sold in Ending Inventory Cost per unit Ending Inventory Beginning inventory Purchase Apr 07 Oct 08 Total 25248 Sales revenue Gross profit prev 56 of 24 Next > Oct. 6 Purchase 114 506 $25,248 $25,248 1 of 4 For the entire year, the company sells 440 units of inventory for $64 each 0:34:07) Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit. FIFO Cost of Goods Sold Ending Inventory look Cost of Goods Available for Sale Cost of Cost per Goods # of units for Sale 54 $ 46 $ 2,484 est per of units cost of Goods Sold Cost Ending of units per unit Inventory Available unit unit 5 4 $ 46 $ 2,484 0 int Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total 134 $ 486,432134 $ 486,4320 2 04 $ 51 10,404 204 $ 51 10,4040 114 $ 52 5,928 4 8 $ 52 2 ,496 66 $ 506 $ 25,248 4 40 $ 21,816 66 52 3,432 $ 3.432 ances S 28.160 Sales revenue Gross profit 3 4 5 6 Prev of 24 !!! Next >