During the year, TRC Corporation has the following inventory transactions. Unit Cost Number Total Cost of Units 51 131

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During the year, TRC Corporation has the following inventory transactions. Unit Cost Number Total Cost of Units 51 131 201 Transaction Date Jan. 1 Apr 7 Purchase Jul. 16 Oct. 6 $43 $ 2,193 5,895 9,648 5,439 Beginning inventory Purchase Purchase 45 48 49 494 $ 23,175 For the entire year, the company sells 431 units of inventory for $61 each.

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STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ 1-Jan 51 43 2193 51 43 2193 Purchasse 7-Apr 131 45 5895 131 45 5895 16-Jul 201 48 9648 201 48 9648 6-Oct 111 49 5439 48 49 2352 63 49 3087 TOTAL 494 23175 431 20088 63 3087 Sales revenue (431*61) 26291 COGS 20088 Gross profit 6203 STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ 1-Jan 51 43 2193 51 43 2193 Purchasse 7-Apr 131 45 5895 119 45 5355 12 45 540 16-Jul 201 48 9648 201 48 9648 6-Oct 111 49 5439 111 49 5439 TOTAL 494 23175 431 20442 63 2733 Sales revenue 26291 COGS 20442 Gross profit 5849 STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ 1-Jan 51 43 2193 Purchasse 7-Apr 131 45 5895 16-Jul 201 48 9648 6-Oct 111 49 5439 TOTAL 494 46.91 23175 431 46.91 20218 63 46.91 2957 Sales revenue 26291 COGS 20218 Gross profit 6073

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During the year, TRC Corporation has the following inventory transactions

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STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO METHOD
	RECIEPTS			COST OF GOODS SOLD			BALANCE
DATE	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $
1-Jan	51	43	2193	51	43	2193
Purchasse
7-Apr	131	45	5895	131	45	5895
16-Jul	201	48	9648	201	48	9648
6-Oct	111	49	5439	48	49	2352	63	49	3087
TOTAL	494		23175	431		20088	63		3087
		Sales revenue (431*61)			26291
		COGS			20088
		Gross profit			6203

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO METHOD
	RECIEPTS			COST OF GOODS SOLD			BALANCE
DATE	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $
1-Jan	51	43	2193				51	43	2193
Purchasse
7-Apr	131	45	5895	119	45	5355	12	45	540
16-Jul	201	48	9648	201	48	9648
6-Oct	111	49	5439	111	49	5439
TOTAL	494		23175	431		20442	63		2733

		Sales revenue			26291
		COGS			20442
		Gross profit			5849

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE METHOD
	RECIEPTS			COST OF GOODS SOLD			BALANCE
DATE	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $	UNITS	RATE	AMOUNT $
1-Jan	51	43	2193
Purchasse
7-Apr	131	45	5895
16-Jul	201	48	9648
6-Oct	111	49	5439
TOTAL	494	46.91	23175	431	46.91	20218	63	46.91	2957

		Sales revenue			26291
		COGS			20218
		Gross profit			6073