Required Information The Following Information Applies To The Questions Displayed Below During The Year Trc Corporat 1 (26.49 KiB) Viewed 62 times
Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Unit Date Transaction Number of Units Cost Total Cost Jan. 1 Beginning inventory 60 52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul.16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610 For the entire year, the company sells 450 units of inventory for $70 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 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit Cost of Goods Available for Sale Average Cost per unit # of units 60 140 210 120 530 Cost of Goods Available for Sale $ 3,120 7,560 11,970 6,960 29,610 $ Cost of Goods Sold - Weighted Average Cost # of units Sold Average Cost of Cost per Unit Goods Sold Ending Inventory - Weighted Average Cost # of units in Ending Inventory Average Cost per unit Ending Inventory
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