Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost January 1 Beginning inventory 54 $46 $2,484 April 7 Purchase 134 48 6,432 July 16 Purchase 204 51 10,404 October 6 Purchase 114 52 5,928 506 $25,248 For the entire year, the company sells 440 units of inventory for $64 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost