During the year, TRC Corporation has the following inventory transactions.

Date Transaction Number of Units Unit Cost Total Cost
January 1 Beginning inventory 52 $44 $2,288
April 7 Purchase 132 46 6,072
July 16 Purchase 202 49 9,898
October 6 Purchase 112 50 5,600
498 $23,858
For the entire year, the company sells 432 units of inventory for $62 each.