During the year, TRC Corporation has the following inventory transactions.

Date	Transaction	Number of Units	Unit Cost	Total Cost
January 1	Beginning inventory	45	$37	$1,665
April 7	Purchase	125	39	4,875
July 16	Purchase	195	42	8,190
October 6	Purchase	105	43	4,515
		470		$19,245

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 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 rising.

Using FIFO, calculate ending inventory and cost of goods sold. Using FIFO, calculate sales revenue and gross profit. Using LIFO, calculate ending inventory and cost of goods sold. Using LIFO, calculate sales revenue and gross profit. Using weighted-average oost, cakulate encing inventory and cest gocds sold. [Round "Awerage Cest per unit" to 4 Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal pl Determine which method will result in higher profitability when inventory costs are rising