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Required information (The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 56 136 206 116 514 Unit Cost $ 48 50 53 54 Total Cost $ 2,688 6,800 10,918 6,264 $26,670 For the entire year, the company sells 442 units of inventory for $66 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is complete but not entirely correct. FIFO Cost of Goods Available for Sale Cost of Cast of Goods Sold Ending Inventory CINA Eraire Anninn Invon ACT AT Anne cnin CRIDE TAVONA annrnce ATIT Required information FIFO PAWG prose vue Ty Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost Cost of #of Goods # of Cost Cost of Cost units per Available per unit units Goods Ending per for Sale unit units Sold unit Inventory 56 $ 48 $ 2.688 56 $ 48 $ 2,688 0 #of Beginning Inventory Purchases: Apr. 7 136 $ 50 6,800 136 $ 50 6,800 Jul. 16 206 $ 53 10,918 0 0 116 s 54 Oct.6 Total 6,264 $ 26,670 206 $ 53 50 X $ 54 456 10,918 2,700 $ 23,538 514 58 $ 54 58 X 3.132 6,264 $ x Answer is not complete. $ 29,172 Sales revenue Gross profit Carthenti In the romalle AA' .inite anter.tor CCG nr Required information 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale $ 0 # of units Cost per Cost of Goods Sold # of units unit Cost Ending per unit Inventory Beginning Inventory Purchases: Apr 07 0 Jul 16 Oct 06 Oo Total 0 Sales revenue Gross profit 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Wolghted Average cost Weighted Average Cost Cost per #of units unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold of unita In Ending Inventory Cost per unit Ending Inventory 56 $ 2.688 136 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 206 116 514 6.800 10,918 6,264 26,670 $ Sales revenue Gross profit