! Required information [The following information applies to the questions displayed below.) During the year,...
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! Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 21 26 31 31 Unit Cost $ 23 22 21 19 Total Cost $ 483 572 651 589 $2,295 109 For the entire year, the company sells 82 units of inventory for $31 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Weighted Average Cost Cost of Goods Available for Sale Average cost of Goods # of units Cost per Available for unit Sale Cost of Goods Sold - Weighted Ending Inventory Weighted Average Average Cost Cost Average #of units Averago # of units Cost of Ending In Ending Cost per Sold Cost per Goods Sold Inventory Unit Inventory unit 21 $ 483 Beginning Inventory Purchases Mar 4 Jun 9 Nov 11 Total 26 31 31 109 572 651 589 2,295 $
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