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. Number of Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory $32 $ 1,280 Apr. 7 Purchase 120 34 4,080 Jul. 16 Purchase 377,030 Oct. 6 Purchase 100 38 3,880 450 $16,190 40 190 For the entire year, the company sells 400 units of inventory for $50 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 Available for Site Cost of Goods Sold - Weighted Average Cost Ending Inventory. Weighted Average Cost Weighted Average Cost of units Cost per Cost of Goods w of units unit Available for Sale Sold Cost per Unit Cost of # of units Goods sold in Ending Cost per unit Ending Inventory Inventory 40 $ 1.280 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 120 190 100 450 4,080 7,030 3,800 16,190 $ Sales revenue Gross profit