Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) {The following information applies to the questions displayed below) During the year, a company has the following inventory transactions Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units Unit Cost $ 37 125 Total Cost $1,665 4,875 8,190 4,515 $19.245 For the entire year, the company sells 414 units of inventory for $55 each. Exercise 6-4B 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 Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods # of units Cost per unit of units Available for Cost per Unit Sold Cost of Goods Sold of units in Ending Inventory Cost per unit Ending Inventory Sale 1,665 Beginning Inventory Purchases Apr 07 Jul 16 4.875 8.190 Oct 06 4.515 Total 19,245 Sales revenue Gross profit