During the year, TRC Corporation has the following inventory transactions. LIFO Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase. Jul.16 Purchase Oct. 6 Purchase Unit Number of Units Cost 60 $ 52 140 54 210 57 120 58 530 Total Cost $ 3,120 7,560 11,970 6,960 $29,610 For the entire year, the company sells 450 units of inventory for $70 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available for Sale Cost of Cost of Goods Sold Cant of Ending Inventory