Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions Unit Data Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oot. 6 Purchase Number of Units :53 133 203 113 502 Cost $ 45 47 50 51 Total Cost $ 2,385 6,251 10,150 5, 763 $24,549 For the entire year, the company sells 433 units of inventory for $63 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 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Ending Inventory - Welghted Average Cost Cost of Goods Available for Sale Cost Weighted Average Cost Cost per Cost per unit Ending Inventory Cost of Goods Sold # of units in Ending Inventory Cost of Goods # of units Available for Sold Sale Cost per Unit # of units unit 53 $ 2,385 Beginning Inventory 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 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 53 $ 2,385 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 133 203 113 502 $ 48.2500 $ 8.251 10,150 5,763 24,549 433 $45 2500 Sales revenue Gross profit