Question: Saved Help Sa 1 During the year, TRC Corporation has the following Inventory transactions, of 4 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase

Saved Help Sa 1 During the year, TRC Corporation has the following Inventory transactions, of 4 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number or Unita 48 128 198 100 482 Unit Coat $40 42 45 46 Total Coat $ 1,920 5,376 8,910 4,960 $21,174 For the entire year, the company sells 427 units of inventory for $58 each. ht int 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.) ances Weighted Average Cost Ending Inventory Welghted Average Cost Cost of Goods Avaliable for Sale Cost of Goods Sold Weighted Average Coot of units Cost of Goods Cost per Available for # of units unit Cost of Sold Cost per Unit Sale Goods Sold of units in Ending Inventory Cost per unit Ending Inventory $ 1.920 Beginning inventory Purchases Apr 07 Jul 10 Oct 06 Total 128 198 108 482 5,376 8,910 4.968 21,174 $ For the entire year, the company sells 427 units of inventory for $58 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 Cout of Goods Sold Wolghted Average Cost Ending inventory Weighted Average Cost Welghted Average Cost # of units Cost per unit Cost of Goods M of units Available for Sold Sale Cost per Unit Cost of Goods Sold # of units In Ending Inventory Cost per unit Ending Inventory 48 $ 1,920 Beginning Inventory Purchases: Apr 07 Jul 10 Oct 06 Total 128 198 108 482 5,376 8.910 4.058 21.174 Sales revenue Gross profit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
