During the year, TRC Corporation has the following inventory transactions. Complete this question by entering your answers in the tabs below.

During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 432 units of inventory for $62 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. Complete this question by entering your answers in the tabs below. Using FIFO, calculate sales revenue and gross profit. Using LFO, calculate ending inventory and cost of goods sold. Using LFO, calculate sales revenue and gross profit. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Weighted Average Cost } & \multicolumn{4}{|c|}{ Cost of Goods Avallable for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Weighted Average Cost } & \multicolumn{3}{|c|}{ Ending Inventory - Walghted Average cost } \\ \hline & \begin{tabular}{l} Number \\ of units \end{tabular} & \begin{tabular}{l} Average Cost \\ per Unit \end{tabular} & \begin{tabular}{l} Cost \\ Ava \end{tabular} & \begin{tabular}{l} Goods \\ ble for \\ ale \end{tabular} & \begin{tabular}{l} Number \\ of units \end{tabular} & \begin{tabular}{l} Average Cost per \\ Unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{l} Average Cost per \\ Unit \end{tabular} & \begin{tabular}{l} Ending \\ Inventory \end{tabular} \\ \hline Beginning imventory & 52 & & $ & 2,288 & & & & & & \\ \hline \multicolumn{10}{|l|}{ Purchases: } & \\ \hline Apnil 07 & 132 & & & 6,072 & & & 4 & & & \\ \hline July 16 & 202. & & & 9.896 & & & & & & \\ \hline October 00 & 112. & & & 5.600 & = & & & & & \\ \hline Total & 498 & & 5 & 23.858 & & & & & & \\ \hline \end{tabular} Using weighted-average cost, calculate sales revenue and gross 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. Req 3c and d FIFO LIFO Weighted Average