2 Part 4 Required information The following information applies to the questions displayed below) Glasgow Corporation has the following inventory transactions during the year We of the transaction Unita Coet Total Cod Jan. 1 DIN inventory 145 12,305 Apr 7 Purchase 123 42 6,25 Jul.16 Parehase 203 50 10,150 Des. Parehase 113 31 502 124,549 S3 10 po For the entire year, the company els 433 units of twentory for $63 each PE Required: 1. Using Fro, calculate ending inventory cost of goods sok, sales revenue and gross profit Het FIFO Cost of Goods Sold Ending Inventory Cost of Gode Available for Sale Cost of Coal per Geode of units und Available For Sale 500 5 455 2.385 ofte Cout Cost of Goods Sold of Cust Ending per unit Inventory 535 45 $2345 Beginning inventory Purchases A. 5.250 Jul 16 Oct 6 Ta 1333 2005 1130$ 502 47 50 50 10.150 5.763 $24.49 133] $ 47 2035 50 57 S51 6.251 10.150 4,947 S28733 S 810 ME De 11 Now 2 Part 4 Required information The following information applies to the questions displayed below) Glasgow Corporation has the following inventory transactions during the year We of the transaction Unita Coet Total Cod Jan. 1 DIN inventory 145 12,305 Apr 7 Purchase 123 42 6,25 Jul.16 Parehase 203 50 10,150 Des. Parehase 113 31 502 124,549 S3 10 po For the entire year, the company els 433 units of twentory for $63 each PE Required: 1. Using Fro, calculate ending inventory cost of goods sok, sales revenue and gross profit Het FIFO Cost of Goods Sold Ending Inventory Cost of Gode Available for Sale Cost of Coal per Geode of units und Available For Sale 500 5 455 2.385 ofte Cout Cost of Goods Sold of Cust Ending per unit Inventory 535 45 $2345 Beginning inventory Purchases A. 5.250 Jul 16 Oct 6 Ta 1333 2005 1130$ 502 47 50 50 10.150 5.763 $24.49 133] $ 47 2035 50 57 S51 6.251 10.150 4,947 S28733 S 810 ME De 11 Now