During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Number of Units 15 20 25 25 85 Unit Cost $ 17 16 15 13 Total Cost $ 255 320 375 325 $1,275 For the entire year, the company sells 65 units of inventory for $25 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Sold Ending Inventory Cost per # of units unit Cost of Goods Sold # of units Cost Ending per unit Inventory FIFO Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale Beginning Inventory 15 $ 255 $ 3,825 Purchases: Mar 04 20 $ 320 6,400 Jun 09 25$ 375 9375 Nov 11 5$ 325 1,625 Total 65 $ 21,225 $ 255 $ 0 $ 320 0 $ 375 0 $ 325 0 For the entire year, the company sells 65 units of inventory for $25 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale unit # of units Cost per unit Cost of Goods Sold Cost Ending # of units per unit Inventory Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total Sales revenue Gross profit 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Co per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Weighted Average Cost Average Cost of Goods # of units Cost per Available for unit Sale Cost of Goods Sold - Weighted Ending Inventory - Weighted Average Average Cost Cost Average # of units # of units Cost of Average Cost per Ending Sold Cost per Goods Sold in Ending Unit Inventory Inventory unit 15 $ 255 Beginning Inventory Purchases: Mar 4 Jun 9 Nov. 11 Total 20 25 25 85 320 375 325 1,275 $ Sales revenue Gross profit