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 58 138 208 118 522 Unit Cost $ 50 52 55 56 Total Cost $ 2,900 7,176 11, 440 6,608 $28,124 For the entire year, the company sells 444 units of inventory for $68 each. work graded Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Retu 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.) Answer is complete but not entirely correct. Cost of Goods Sold - Weighted Average Cost Ending Inventory Weighted Average Cost # of units #of Cost of units Cost per Unit Goods Ending Cost per unit Ending Sold Inventory Sold Inventory in Cost of Goods Available for Sale Cost of #of Cost per Goods units unit Available for Sale 50 $ 2,900 Weighted Average Cost Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 138 208 118 522 7,176 11,440 6,608 28,124 78 70.0000 4,202 C 53.8800 S 23,923 S $80.0000 444S