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

Date. Transaction. Number of Units Unit Cost Total Cost

Jan.1. Beginning inventory 59 $51 $3,009

Apr.7. Purchase139 $53 7,367

Jul.16. Purchase209 $56 11,704

Oct.6. Purchase119 $57 6,783

526 $28,863

For the entire year, the company sells 445 units of inventory for $69 each.

2.Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.