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During the year, TRC A.. has the following stock transactions. History process Number of Units The unit cost Total amount Fireplace 1 Initial inventory 49

During the year, TRC A.Ş. has the following stock transactions.

HistoryprocessNumber of UnitsThe unit costTotal amount
Fireplace1Initial inventory49$41$2.009
Nisan7To buy129435.547
July16To buy199469.154
October6To buy109475.123
486$21.833

All year, the company sells 428 units of inventory at $59 each.

Necessary:

1. Using FIFO, calculate finished inventory, cost of goods sold, revenue from sales, and gross profit

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