Date January 1 April 7 July 16 October 6 Transaction Beginning inventory Purchase Purchase Purchase For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c& d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. FIFO 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c& 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. Beginning Inventory Purchases: April 07 July 16 October 06 Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using FIFO, calculate ending Inventory and cost of goods sold. Cost of Goods Available for Sale Cost of Goods Available for Sale $ 1,665 Number of units 45 125 195 105 Number of Unit Cost $37 39 42 43 Cost per unit $ Units 45 125 195 105 470 37 39 42 $ 43 S55 4,875 8,190 4,515 Total Cost $1,665 4,875 8,190 4,515 $19,245 Cost of Goods Sold Number of units Cost per unit $ $ 39 $ 42 $ 43

For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, 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. 2c& d. Using LIFO, 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 FIFO, calculate ending imventory and cost of goods sold. For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c \& 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. 3-c \& 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 FIFO, calculate sales revenue and gross profit. During the year, TRC Corporation has the following inventory transactions. For the entire year, the company selis 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1 .c \& d. Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2c& d. Using LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& 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 UFO, calculate sales revenue and gross profit. For the entire year, the company sells 414 units of inventory for $55 each, Required: 1-a \& b. Using FFFO, calculate ending inventory and cost of goods sold: 1-e \& d, Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2c& d. Using LIFO, calculate sales revenue and gross profit. 3a&b. Using weighted-average cost, colculate 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. For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1 - & \& 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 LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& 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. For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1 -c \& 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 LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& d. Using welghted-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. Determine which method will result in higher profitability when inventory costs are rising. Determine which method will result in higher profitability when inventory costs are nising