2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units # of units Cost per unit Cost of Goods Available for Sale $ 2.009 Cost of Goods Sold # of units Cost Ending per unit Inventory unit 49 $ 41 49 $ 41 $ 2,009 49 $ 41 $ 2,009 Beginning Inventory Purchases 43 Apr 07 S 129 199 43 46 5,547 9,154 129 199 109 $ Jul 16 $ $ $ 46 46 5,547 9.154 5.123 $ 21.833 ol 199 $ 1095 486 9.154 5,123 47 47 109 $ 47 Oct 06 5.123 428 Total 486 Required information [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 49 129 199 109 Unit Cost $ 41 43 46 47 Total Cost $ 2,009 5,547 9,154 5,123 $21,833 486 For the entire year, the company sells 428 units of inventory for $59 each 2. Using LIFO, calculate ending inventory cost of goods sold, sales revenue and gros Jul 16 199 A 46 199 $ 46 199 Oct 06 109 $ 9,154 5,123 9,154 5,123 21.833 47 109 $ 47 109 Total 486 $ 486 428 Sales revenue Gross profit CP 3 4 Ne 2 of 8