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

Date	Transaction	Number of Units	Unit Cost	Total Cost
January 1	Beginning inventory	44	$36	$1,584
April 7	Purchase	124	38	4,712
July 16	Purchase	194	41	7,954
October 6	Purchase	104	42	4,368
		466		$18,618

For the entire year, the company sells 413 units of inventory for $54 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 sales revenue and gross profit. Complete this question by entering your answers in the tabs below. Using LIFO, calculate sales revenue and gross profit. \begin{tabular}{l|l|l|l|l||l|l|l|} \hline Req 1a and b & Req 1c and d & Req 2a and b & Req 2c and d & Req 3a and b & Req 3c and d & Req4 \\ \hline \end{tabular} Using weighted-average cost, calculate ending inventory and cost of goods sold. (Round "Average Cost per unit" to 4 decimal places and all other answers tc Complete this question by entering your answers in the tabs below. Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Determine which method will result in higher profitability when inventory costs are rising. Determine which method will result in higher profitability when inventory costs are rising