Question: Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LOG-3) [T he following information applies to the questions displayed below. ] During the

![(LOG-3) [T he following information applies to the questions displayed below. ]](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667e4e702d982_647667e4e6fe0d77.jpg)

Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LOG-3) [T he 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 54 $ 46 $ 2 , 484 Apr. 7 Purchase 134 48 6 , 432 Ju1.16 Purchase 204 51 10,404 Oct. 6 Purchase E 52 5 , 928 5 0 6 $2 5 , 2 4 8 For the entire year, the company sells 440 units of inventory for $64 each. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods Cost of # of units Ending # of units Cost per Available for # of units Cost per unit unit Sale Sold Cost per Unit Goods Sold in Ending Inventory Inventory Beginning Inventory 54 $ 2,484 Purchases: Apr 07 134 6,432 Jul 16 204 10,404 Oct 06 114 5,928 Total 506 25,248 Sales revenue Gross profit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
