Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising ( LO6-3) During the year. TRC Corporation has the following inventory transactions. For the entire year, the company sells 412 units of inventory for $53 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. Complete this question by entering your answers in the tabs below. Using HFO, calculate ending inventory and cost of goods sold. 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. \begin{tabular}{|c|c|c|c|c|c|c|} \hline Peg 1a and b & Reg le and d & Req 2a and b & Req 20 and it & Ren 3a and b & Ren J and d & Rex 4 \\ \hline \end{tabular} \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 Arailsble for sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Weighted Average Cost } & \multicolumn{3}{|c|}{ Ending Inventory - Weighted Average Cost } \\ \hline & \begin{tabular}{l} Number \\ of units \end{tabular} & \begin{tabular}{l} Average Cost \\ per Unit \end{tabular} & Cos & \begin{tabular}{l} Coods \\ ble for \\ lie \end{tabular} & \begin{tabular}{l} Number \\ of units \end{tabular} & \begin{tabular}{c} Average Cost per \\ Unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{l} Number of \\ units \end{tabular} & \begin{tabular}{c} Average Cost per \\ Unit \end{tabular} & \begin{tabular}{l} Ending \\ Invertory \end{tabular} \\ \hline Eeginning inventory & 43 & & s & 1.505 & & & & & & \\ \hline \multicolumn{11}{|l|}{ Purchases: } \\ \hline Agri ot & 123 & & & 4,551 & & & & & & \\ \hline Nuly 16 & 103 & & & 7,720 & & & & & & \\ \hline Oclober 06 & 103 & & & 4.223 & & & & & & \\ \hline Tocal & 402 & & 8 & 17000 & & & & & & \\ \hline \end{tabular} Req 2c and d Rea Je and a ? Complete this question by entering your answers in the tabs below. Using weighted-average cost, calculato 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