2 Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Part 1 of 4 1 points Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 41 121 191 101 454 Unit Cost $ 33 35 39 39 Total Coat $ 1,353 4,235 7,258 3,939 $ 16,785 Print For the entire year, the company sells 410 units of inventory for $51 each. References Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per # of units Cost per unit Cost of Goods Sold Cost # of units Ending per unit Inventory Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per # of units Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold unit # of units in Ending Inventory Cost per unit Ending Inventory $ 1.353 4,235 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 121 191 101 454 7,258 3,939 16,785 $ Sales revenue Gross profit