Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) During the you, TRC Corporation has the folowing imentory tansactions. For the entire yeoc the cormpary selis 443 units of inventory for $67 each Aequired A-a \& b. Using FIFO, cakculate ending itventory and cost of noods sold: 1-e \& d. Using FIFO caiculate sates revenue and goss proti. 2 a \& b. Using UFO, caleulase ending inwertory and cost of goods sold 2 i d, Using CIFO, cakvalate sokes tevenue and gross prott 3-a \& b. Using weighted-average cost colculate ending mvemory and cost of goods soid 3-cs d. Using weighted-average cost, calculate swies rovetae and pross profa. 4. Desermine which method will result in thigher profiabitity when invereory 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 FIFO, calculate ending inventory and cost of goods sold. 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. Complete this question by entering your answers in the tabs below. Using LIFO, calculate ending inventory and cost of goods sold. 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 \ales 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 LIFO, calculate sales revenue and gross profit. Complete this question by entering your answers in the tabs below. 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 offgoods 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 weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.)