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7 Part 2 of 4 Required information Exercise 6-5A Calculate inventory amounts when costs are declining (L06-3) The following information applies to the questions displayed

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7 Part 2 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 Unit Cost ook Date Transaction Jan. 1 Beginning inventory Mar 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 20 25 3e 30 105 21 20 18 Total Cost $440 525 600 540 $2,105 Priat References For the entire year, the company sells 81 units of inventory for $30 each Exercise 6-5A Part 2 Check 7 Required information 2. Using LIFO, calculate ending inventory.cost of goods sold, sales revenue and gross profit Part 2 of 4 Cost of Goods Sold Ending Inventory 10 points Cost per # of units unit Cost of Goods Sold Cost # of units Ending per unit Inventory LIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 Total Hool poforonces ts eBook Hint Print Sales revenue Gross profit -ferences

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