2 Part 1 of 4 1 points Required information Exercise 6-48 Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Unit 03 03:54:26 Date Transaction Number of Units Cost Jan. 1 Beginning inventory 54 $46 Total Cost $2,484 Apr. 7 Purchase 134 48 6,432 Jul.16 Purchase 204 51 10,404 eBook Oct. 6 Purchase 114 52 5,928 506 $25,248 Hint Print References For the entire year, the company sells 440 units of inventory for $64 each. Exercise 6-4B Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.