Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) (The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions Number of Unit Units Jan. 1 Beginning inventory $ 33 $ 1,353 Apr. 7 Purchase 121 7,258 Oct. 6 Purchase 3,939 $16,785 Date Transaction Cost Total cost 41 4,235 Jul.16 Purchase 191 101 454 35 38 39 For the entire year, the company sells 410 units of inventory for $51 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods unit Available for Sale # of units Cost per # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct 6 Total Sales revenue Gross profit