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  1. business
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  3. during the year, trc corporation has the following

During the year, TRC Corporation has the following inventory transactions. Date Transaction...

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Accounting

During the year, TRC Corporation has the following inventory transactions.

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 59 $ 51 $ 3,009
Apr. 7 Purchase 139 53 7,367
Jul. 16 Purchase 209 56 11,704
Oct. 6 Purchase 119 57 6,783
526 $ 28,863

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.)

Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost
# of units Cost per unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory
Beginning Inventory 59 $3,009
Purchases:
Apr 07 139 7,367
Jul 16 209 11,704
Oct 06 119 6,783
Total 526 $28,863

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