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14-10-2022
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Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3)
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During the year, TRC Corporation has the following inventory transactions.

Date Transaction Number of Units Unit 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.

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