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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. Transaction Number of Unitsunit Cost Total Cost Jan. 1 Beginning inventory Apr. 7 Purchase Date $ 35 Jul. 16 Purchase Oct. 6 Purchase 43 123 193 103 462 40 41 $ 1,505 4,551 7,720 4,220 $17,999 For the entire year, the company sells 412 units of inventory for $53 each 2. Using LIFO, calculate ending inventory.cost of goods sold, sales revenue and gross profit LIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale 0 Cost of Goods Sold Cost of # of units Goods unit Sold Cost per Cost per # of units Cost Ending per unit Inventory Beginning Inventory Purchases Apr 07 0 Jul 16 0 Oct 06 0 Total 0 $ 0 Sales revenue Gross profit