10 During the year, Rosenberg Incorporated has the following inventory transactions. 6.53 points Date January 1 March 4 Transaction Beginning inventory Purchase June 9 Purchase November 11 Purchase Number of Unit Total Units Cost Cost 26 $28 $728 31 27 837 36 26 936 36 24 864 129 $3,365 Skipped For the entire year, the company sells 99 units of inventory for $36 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. eBook 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. References 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Ending Inventory Cost Number Ending of units per unit Inventory Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using FIFO, calculate ending inventory and cost of goods sold. Req 4 FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Number of units Cost per unit Goods Available for Sale Number Cost per Cost of Goods of units unit Sold Beginning Inventory 26 $ 28 $ 728 $ 28 $ 0 Purchases: March 04 31 $ 27 837 $ 27 0 June 09 36 $ 26 936 $ 26 0 November 11 36 $ 24 864 $ 24 0 Total 129 $ 3,365