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. \& \& d. Using FIFO, calculate sales revenue and gross profit. 20& 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 ending inventory and cost of goods sold. 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-: \& 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. 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. 2a&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 LIFO, calculate ending inventory and cost of goods sold. 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-e \& 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 UFO, calculate sales revenue and gross profit. For the entire yeas, the company seils 412 veiad of imvenbory for 553 each Required: Fis 8 b. Using FiFO, caiculste ending inventocy and cost of goods ield H.e A d. Using FiFO, calculste sales tevenue and grots protic 2. a b. Uying Lro, calculate ending imventory and cost af goods soid. 2 es d. Using 1ifo, colculote sales revenue ond grobs profit. 3.a i b. Uting wrightediaverage cott, calculate ending inveetory and cost of goos soid. J.e a d. Ung weighted tvetage rott, colculate soles reventie atd grots proft. 4. Determine which methed wil retult in higher peoftabilny when inventory coits are mong? Cemplete thes question by eeterinu voar answers ie the latss bekew. During the year, TRC Corporation hos the following inventory transactions. For the entire year, the company sells 412 units of inventory for $53 each. Required: 1.a \& b. Using FIFO, calculote ending inventory and cost of goods sold. 1-e \& d. Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculte ending inventory and cost of goods sold. 2.c a 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 vour answers in the tabs below. Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 dedmal places.) 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 FFFO, calculate ending inventory and cost of goods sold. 1-e \& d. Using FIFO, caiculate sales revenue and gross profit. 2a&b. Using LIFO, calculate ending inventory and cost of goods sold. 2c& 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. Determine which method will result in higher profitability when inventory costs are rising