H 6.1 Saved 4 The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Part 2 of 3 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units 40 120 190 100 450 Unit Cost $ 32 34 37 38 Total Cost $ 1,280 4,830 7,038 3,800 $16, 190 2 points Skipped For the entire year, the company sells 400 units of inventory for $50 each cBook 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit. + LIFO Cost of Goods Sold Ending Inventory Hint Cost of Goods Available for Sale Cost of Goods Cost per # of units unit Available for Sale $ 0 # of units Cost per unit Cost of Goods #of units Cost Ending per unit Inventory Sold Ask Print 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 0 References 0 $ 0 Ralne reven Oct. 6 Purchase 38 4 100 450 3,800 $16, 190 For the entire year, the company sells 400 units of inventory for $50 each. Part 2 of 3 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit. 2 points UFO Cost of Goods Sold Ending Inventory Skipped Cast of Goods Available for Sale Cost of Cost per Goods of units unit Available for Sale $ 0 Cost per #of units Cost of Goods Sold Cost Ending per unit Inventory unit # of units eBook 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 08 Total Hint 0 0 0 0 $ Ask Print References Sales revenue Gross profit