Business, 11.03.2020 20:57 gmanbom

Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 20 $ 22 $ 440 Mar. 4 Purchase 25 21 525 Jun. 9 Purchase 30 20 600 Nov. 11 Purchase 30 18 540 105 $ 2,105 For the entire year, the company sells 81 units of inventory for $30 each. Exercise 6-5A 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 2 decimal places and all other answers to the nearest whole number.)

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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following informatio...

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