Required information [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Number Unit of Unita 24 Total Cost 624 bate Transaction Cont Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase $26 25 24 725 816 748 29 34 Nov.11 Purchase 34 22 121 $2,913 For the entire year, the company sells 90 units of inventory for $34 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.)

Required information [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Number Unit of Unita 24 Total Cost 624 bate Transaction Cont Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase $26 25 24 725 816 748 29 34 Nov.11 Purchase 34 22 121 $2,913 For the entire year, the company sells 90 units of inventory for $34 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.)

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Description: Required information[The following information applies to the questions displayed below.]During the year, a company has the following inventory transactions.NumberUnitTotal Costof Units24DateJan. 1 Beginning inventoryMar. 4 PurchaseJun. 9 PurchaseNo

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.24MCE

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