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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