Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) (The following information applies to the questions displayed below) During the year. TRC Corporation has the following inventory transactions. Number of Units 59 Date Transaction Jan. 1 Beginning Inventory Apr. 7 Purchase Dul.16 Purchase Oct. 6 Purchase Unit cost $ 51 53 56 SA Total cost S 360 2036 11784 139 200 119 525 6.78 $48.868 For the entire year, the company sells 445 units of inventory for $69 each Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending Inventory, cost of goods sold sales revenue and gross pront FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Available for Sale of units Cost of Goods Sold Cost per unit # of units unit Cost Ending per unit Inventory Beginning inventory Purchas AOC 0.16 Oct 8 To Sa es revenue Gross profit