Help Save & Exit Submit 34 Check my work 5 Part 1 of 4 Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.) sints During the year, TRC Corporation has the following inventory transactions Skipped Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 47 127 197 107 478 Unit Cost $ 39 41 44 45 eBook Total Cost $ 1,833 5,207 8,668 4,815 $20,523 Print References For the entire year, the company sells 426 units of inventory for $57 each. Exercise 6-4A Part 1 Required: 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 # of units unit Available for Sale $ 0 Cost per Cost per # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit $ 0 s 0 Beginning Inventory Purchases: $ 0 Apr. 7 Jul. 16 $ $ Oo oo ol OOO $ 0 Oct.6 Total $ Sales revenue Gross profit SU Check my work Exercise 6-4A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Ending Inventory Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory Beginning Inventory Purchases Apr 07 Jul 16 Oct 05 Total Sales revenue Gross profit Exercise 6-4A Part 3 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 - Weighted Average Cost Weighted Average Cost Cost per # of units Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory unit 47 S 1833 127 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 197 107 478 5.207 8.668 4.315 20823 Check Required information 47 S 1,833 4 127 Beginning Inventory Purchases. Apr 07 Jul 16 Oct 06 Total 197 5 207 8 668 4.815 20.523 107 478 $ Sales revenue Gross profit