During the year, Rosenberg Incorporated has the following inventory transactions. Date January 1 Transaction Beginning inventory March 4 June 9 Purchase Purchase November 11 Purchase Number of Units Unit Cost Total Cost 16 $18 $288 21 17 357 26 16 416 26 14 364 89 $1,425 For the entire year, the company sells 69 units of inventory for $26 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 weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. 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. Req 4 FIFO Beginning Inventory Purchases; Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of Number of units. Cost per unit Goods Available Number Cost per Number Cost of units unit Goods Soldi Ending of units per unit Inventory for Sale 16 $ 18 $ 288 S 18 $ 0 March 04 21 $ 17 357 $ 17 0 June 09 26 $ 16 416 $ 16 0 November 11 26 $ 14 364 S 14 0 Total 89 $ 1,425 Req Xa and b Req 1c and d > Complete this question by entering your answers in the tabs below. 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 sales revenue and gross profit. Sales revenue Gross profit Req 4 Complete this question by entering your answers in the tabs below. 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 LIFO, calculate ending inventory and cost of goods sold. Req 4 LIFO Beginning Inventory Purchases: Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of Number Cost per of units unit Goods Available Number of units Cost per unit Cost of Goods Sold Number of units for Sale 16 $ 18 $ 288 March 04 21 $ June 09 26 $ November 11 26 SSS $ 764 357 16 416 14 364 Total 89 $ 1,425 Req 1c and d Req 2c and d > Cost Ending per unit Inventory Complete this question by entering your answers in the tabs below. 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 LIFO, calculate sales revenue and gross profit. Sales revenue Gross profit Req 4 Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using weighted average cost, calculate ending inventory and cost of goods sold. (Round "Average Cost per unit" to 4 decimal places and all other answerm places.) Cost of Goods Sold Weighted Average Ending Inventory Weighted Average Cost of Goods Available for Sale Cost Cost Weighted Average Cost Number Average Cost Cost of Goods Available for of units per unit Number of units Sale Average Cost per Unit Cost of Goods Sold Number of Average Cost units per unit Ending Inventory Beginning Inventory 16 $ 288 Purchases: March 044 21 357 June 09 26 416 November 11 26 364 Total 89 $ 1,425 Req 2c and d Req 3c and d > Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Sales revenue Gross profit < Req 3a and b Req 4 > Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Determine which method will result in higher profitability when inventory costs are declining. Determine which method will result in higher profitability when inventory costs are declining. < Req 3c and d Req 4 >