During the year, a company has the following inventory transactions. Date Transaction Number of Units Unit Cont Total Cost Jan. 1 Beginning inventory 54 $ 46 $2,484 Apr. 7 Purchase 134 48 6,432 Jul.16 Purchase 204 51 10,404 Oct. 6 Purchase 114 52 5,928 506 $25,248 For the entire year, the company sells 440 units of inventory for $64 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Goods Ending Inventory FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit # of units Cost per Cost of Goods # of units Available unit Sold for Sale Beginning Inventory 0 $ 0 $ 0 Ending Cost per unit Inventory Purchases: Apr. 7 Jul.16 Oct.6 Total 0 $ 0 0 0 $ 0 0 $ 0 0