During the year, Trombley Incorporated has the following inventory transactions. Number Date Transaction of Units Unit Cost $ 32 30 Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase 35 31 Total Cost $ 960 1,085 1,200 1,120 40 30 Nov. 11 Purchase 40 28 145 $4,365 For the entire year, the company sells 111 units of inventory for $40 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost of Goods Available for Sale # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit unit Beginning Inventory 30 $ 32 $ 960 30 $ 32 $ 960 0 Purchases: Mar 04 35 $ 31 1,085 35 $ 31 1,085 0 Jun 09 40 $ 30 1200 40 $ 30 1,200 0 Nov 11 40 $ 28 1,120 40 $ 28 1,120 Total 145 $ 4,365 145 .... 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO on Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost of Goods Available for Sale # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit unit Beginning Inventory $ 0 Purchases: Mar 04 0 Jun 09 0 Nov 11 Oo Total 0 $ Sales revenue Gross profit 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost of Goods Available for Sale Cost Weighted Average Cost Average Average Cost of Goods # of units Cost per Available for unit Sale # of units Sold Cost per Cost of Goods Sold # of units in Ending Inventory Average Cost per unit Ending Inventory Unit Beginning Inventory 30 $ 960 Purchases: Mar. 4 35 1,085 Jun.9 40 1200 Nov. 11 40 1,120 Total 145 $ 4,365 Sales revenue Gross profit