Question

5 Part of 4 2 points Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions Number of Unit Date Transaction Unita Coat Total Cost Jan. 1 Beginning inventory 47 $ 39 $ 1,833 Apr. 7 Purehase 127 41 5.207 Jul. 16 Purchase 197 44 8.668 Oet. 6 Purchase 102 4,015 478 $20,523 elok Print For the entire year, the company sells 426 units of inventory for $57 each. References Exercise 6-4A Part 3 3. Using weighted average cost, calculate ending Inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to a decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost Soods Sold - Weighted Average Cost Ending Inventory Weighted Average Cost Weighted Average Cost Cost per of units of units Sold Cost of Cost per Unit Cost of Goods Available for Sale $ 1.833 Cost per unit of units Inventory Goods sold in Ending Ending Inventory 47 Beginning Inventory Purchases Apr 07 Jul 10 Oct 06 Total 127 197 107 478$ 42.9351 $ 5.207 8.668 4,815 20,523 $ 18,290 52 $ 2.233 24.282 Sales revenue Gross profil $ $ 5.92

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

TRC Corporation
Answer 3	Periodic Weighted Average
Date	Cost of Goods available for sale	Cost of Goods sold	Inventory Balance
No. of Units	Cost per unit	Amount $	No. of Units	Cost per unit	Cost of Goods sold	No. of Units	Cost per unit	Inventory Balance
Beginning Inventory	47.00	39.00	1,833.00
Purchases
7-Apr	127.00	41.00	5,207.00
16-Jul	197.00	44.00	8,668.00
6-Oct	107.00	45.00	4,815.00
Total	478.00		20,523.00	426.00		18,290.00	52.00		2,233.00
Average cost per unit			42.9351
Gross Profit	Amount $
Sales	24,282.00
Cost of Goods sold	18,290.00
Gross Profit	5,992.00