Required Information Exercise 6-4B Calculate inventory amounts when costs are rising (LO6-3) [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 40 120 190 100 450 Unit Cost $ 32 34 37 38 Total Cost $ 1,280 4,080 7,030 3,800 $16, 190 For the entire year, the company sells 400 units of Inventory for $50 each. 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 Ending Inventory - Weighted Average Cost Cost Weighted Average Cost Cost per Cost of Goods # of units # of units Available for Cost of Cost per Unit unit Cost per unit in Ending Ending Goods Sold Inventory Inventory of units Sold Sale 40 $ 1,280 120 Beginning Inventory Purchases Apr 07 Jul 16 Oct 05 Total 190 100 450 4.080 7030 3.800 16.190 S Sales revenue Gross pro