During the year, TRC Corporation has the following Inventory transactions. Number of Units 48 Unit Total Cost Cost $40 $1,920 128 42 5,376 198 45 8,910 108 46 4,968 482 $21,174 Date January 1 April 7 July 16 October 6 For the entire year, the company sells 427 units of Inventory for $58 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, calculat sales revenue and gross profit. 4. Determine which method will result in higher profitability when Inventory costs are rising Complete this question by entering your answers in the tabs below. Transaction Beginning inventory Purchase Purchase Purchase Req 1a and b Req ic and d Req 2a and b Req 2c and d Reg 3a and b Req 3c and d Using FIFO, calculate ending inventory and cost of goods sold. FIFO Beginning Inventory Purchases April 07 July 16 October 06 Total Cost of Goods Available for Sale Cost of Goods Available for Sale S Number of units 48 Cost per unit S 40 128 S 42 S 45 198 108 $ 46 482 1,920 5,376 8.910 4.968 S 21.174 Cost of Goods Sold Number of units Cost per unit S 40 S 42 S 45 S 46 Cost of Goods Sold Reg 4 Ending Inventory Number Cost Ending of units per unit Inventory

During the year, TRC Corporation has the following inventory transactions For the entre year, the company sells 427 units of inventory for $58 each. Required: 1.e \& b. Using FIFO, calculate ending inventory and cost of goods sold 1-c \& d. Using FIFO, calculate sales revenue and gross profit. 2.0 \& b. Using L.FO, calculate ending inventory and cost of goods sold. 2. \& \& Using LIFO, caiculate sales revenue and gross profit. 3-e \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3.c \& d. Using welghted-average cost, caiculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs ore fising Complete this question by entering your answers in the tabs below. Using FIFO, calculate ending inventory and cost of goods sold