Exercise 6-4 Calculate inventory amounts when costs are rising (L06-3) The following information applies to...
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Exercise 6-4 Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Unit Cost Date Jan. 1 Apr. 7 Jul. 16 Oct. Beginning inventory Purchase Purchase Purchase of Units 53 133 203 113 Total Cost $45 S 2,385 6,251 10,150 5,763 47 50 51 6 502 S 24,549 For the entire year, the company sells 433 units of inventory for $63 each. Section Break Exercise 6-4 Calculate inventory amounts when costs are rising (LO6-3)
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