"CYUCU TITUITGLIUI [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 60 140 210 120 Unit Cost $ 52 54 57 58 Total Cost $ 3,120 7,560 11,970 6,960 $29,610 530 For the entire year, the company sells 450 units of inventory for $70 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Ending Inventory # of units Cost per Cost per unit # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory Available for Sale $ 3,120 S 60 $ 52 60 $ 52 $ 3,120 Beginning Inventory Purchases: Apr. 7 Jul. 16 140 s 54 140 54 7,560 210 A 57 $ $ $ 57 7.560 11,970 6,960 29,610 0 Oct.6 $ 58 58 120 530 Total 0 $ 25,142 $ 450