Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies...

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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory 60 $ 52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul.16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610 For the entire year, the company sells 450 units of inventory for $70 each. Exercise 6-4A Part 3 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 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 Average Cost per unit # of units # of units Sold Average Cost per Unit # of units in Ending Inventory Average Cost per unit Ending Inventory Sale Beginning Inventory 60 $ Purchases: Apr 07 140 Jul 16 210 Oct 06 120 530 Total Sales revenue Gross profit $ 3,120 7,560 11,970 6,960 29,610 Cost of Goods Sold Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory 60 $ 52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul.16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610 For the entire year, the company sells 450 units of inventory for $70 each. Exercise 6-4A Part 3 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 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 Average Cost per unit # of units # of units Sold Average Cost per Unit # of units in Ending Inventory Average Cost per unit Ending Inventory Sale Beginning Inventory 60 $ Purchases: Apr 07 140 Jul 16 210 Oct 06 120 530 Total Sales revenue Gross profit $ 3,120 7,560 11,970 6,960 29,610 Cost of Goods Sold

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