6 ! Part 1 of 4 Required information Exercise 6-5A Calculate inventory amounts when costs are declining (L06-3) [The following information applies to the questions displayed below) During the year, Trombley Incorporated has the following inventory transactions 10 points look Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Dun. 9 Purchase Nov. 11 Purchase Number of Units 2e 25 30 30 105 Unit Cost $ 22 21 20 18 Total Cost $ 440 525 600 540 $2,105 Print Reference For the entire year, the company sells 81 units of inventory for $30 each 6 Required information Required: 1. Using FIFO, calculate ending Inventory, cost of goods sold, sales revenue and gross profit Part 10 FIFO Cost of Goods Sold Ending Inventory 10 points Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per Cost per # of units Cost of Goods Sold # of units unit Cost Ending per unit Inventory oflook Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 Total Print Potence eBook Hint Print Sales revenue Gross profit References