IThe following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions. Number Unit Total Cost Transaction of Units Cost 37 1,665 Jan. 1 Beginning inventory Apr. 7 Purchase 125 4,875 Jul. 16 Purchase 195 8,190 105 4.515 Oct. 6 Purchase 470 19,245 For the entire year, the company sells 414 units of inventory for $55 each