Business, 07.07.2021 01:20 2002babygurl

During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 57 $49 $2,793
pr. 7 Purchase 137 51 6,987
Jul. 16 Purchase 207 54 11,178
Oct. 6 Purchase 117 55 6,435
518 $27,393
For the entire year, the company sells 443 units of inventory for $67 each.
1. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
2. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
3. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

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During the year, TRC Corporation has the following inventory transactions. Date Transaction Number...

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