During the year, TRC Corporatih has the following inventory transactions. 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 soid. 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 rising. Answer is not complete. Complete this question by entering your answers in the tabs below. Using Lifo, calculate ending inventory and cost of goods sold. Required: 1-a \& b. Using FFFO, calculate ending inventory and cost of goods sold. 1-c \& d. Using FFFO, 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Usine LTFO, calculate ending inventory and cost of goods sold. Required: 1.a 8b. Using FiFO, calculate ending inventory and cost of goods sold. 1-c as 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 L.FO, calculate sales revente and gross proflt. 3-a \& b. Using weighted-average cost, calculote ending inventory and cost af goods sold. 3-c \& d. Using weighted-average cost, calculate sales rewentue and gross profit. 4. Determine which method will result in higher profitoblity when inventory costs are fising (x) Answer is not complete. 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: 1aa \& 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 saies revenue and gross profit 4. Determine which mothod will result in higher profitability when inventory costs are rising. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Using weighted-average cost, catculate sales revenue and grass profit. (Round answera to 2 decimal places.) 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. 1c&d. Using FIFO, calculate sales revenue and gross profit. 2 -a 8b. Using LIFO, calculate ending inventory and cost of goods soid. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine which method will result in higher profitability when inventory costs are rising
