2 o Required information The following information applies to the questions displayed below) Part of During the year, TRC Corporation has the following inventory transactions 5 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Nunber of Units 48 12 198 108 482 Unit Cost $40 42 Total Cost $ 1,920 5,370 8,910 Boek 521, 174 Print For the entire year, the company sells 427 units of inventory for $58 each. Required: 1. Using FIFO, calculate ending inventory.cost of goods sold, sales revenue and gross profit. Firo Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods of units unt Available for Sale w of units Cost per unit Cost of Goods Sold of units Cost Ending per unit Inventory Beginning inventory 2 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Part 1 of 4 FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods unit Available for Sale 6 points of units Cost per # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory Book Hint Beginning Inventory Purchases: Apr. 7 Jul 16 Oct 6 Total Print References Sales revenue Gross profit