Required Information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following Information applies to the questions displayed below.] During the year, Trombley Incorporated has the following Inventory transactions. Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory 29 $ 31 $ 899 Mar. 4 Purchase 34 30 1,020 Jun. 9 Purchase 39 29 1,131 Nov.11 Purchase 39 27 1,053 141 $4,103 For the entire year, the company sells 110 units of Inventory for $39 each. Exercise 6-5A Part 3 8. Using weighted-average cost, calculate ending Inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average C per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Weighted Average Cost Beginning Inventory Purchases: Ending Inventory - Weighted Average Cost Average Cost of Goods # of units # of units Cost per Available for 29 unit Sale $ 899 Sold Average Cost per Unit Cost of Goods Sold # of units in Ending Inventory Mar.4 34 1,020 Jun.9 39 1131 Nov.11 39 1,053 Total 141 $ 4.103 Sales revenue Gross profit Average Cost per unit Ending Inventory