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Both of 3. Weighted-average cost. During the yeak, TRC Corporation has the following inventory transactions. For the entire yeak, the company sells 440 units of

Both of 3. Weighted-average cost. image text in transcribed
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During the yeak, TRC Corporation has the following inventory transactions. For the entire yeak, the company sells 440 units of inventory for $64 cech. Requlred: 1. \& s b. Using FIFO, calculate ending imventory and cost of goods sold. 1.c& d. Using FiFO, calculate sales revenue and gross profit. 2-a \& b. Using LFO, calculate ending inventory and cost of goods sold. 2c& d. Using LIFO, calculate sales revenue and gross profit. 3-a is b. Using weighted-average cost, calculate ending inventory and cost of goods soid. 3d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profhabily when inventory costs are rising Complete this question by entering your answers in the tabs below. Required: 1-a \& b. Using FFO, calculate ending inventory and cost of goods sold. 1c&d, Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c \& d. Using UFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3c& d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Complete this question by entering your answers in the tabs below. Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.)

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