During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 55 135 205 115 510 Unit Cost $ 47 49 52 53 Total Cost $ 2,585 6,615 10,660 6,095 $25,955 For the entire year, the company sells 441 units of inventory for $65 each. Exercise 6-4B Part 2 2. Using LIFO. calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost of Goods Available for Sale # of units Cost of Goods Sold # of units unit Cost Ending per unit Inventory unit Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventor Cost per Cost per # of units Cost of Goods Available for Sale # of units unit Cost of Goods Sold # of units unit Cost E per unit in Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit