May you please do the 4 parts to this question?
Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 46 126 196 106 474 Unit Cont $ 38 40 Total Cont $ 1,748 5.040 8,428 4,664 $19,880 44 For the entire year, the company sells 425 units of inventory for $56 each. Exercise 6-4A Part 1 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 of units Cost per Goods unit Available for Sale $ 0 of units Cost per unit Cost of Goods Sold W of units Cost Ending per unit Inventory $ 5 0 0 0 Beginning Inventory Purchases Apr 7 Jul 16 Oct 6 Total $ $ $ 0 0 0 0 0 0 0 0 0 $ Sales revenue Gross profit Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below) During the year. TRC Corporation has the following inventory transactions. Number of Unit Date Transaction Units Cost Total Coat Jan. 1 Beginning inventory 46 $ 38 $ 1,748 Apr. 7 Purchase 126 40 5,040 Jul.16 Purchase 196 43 8,420 Oct. 6 Purchase 106 44 4,664 474 $19,880 For the entire year, the company sells 425 units of inventory for $56 each Exercise 6-4A Part 2 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 # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions Bomber o Unita Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jol.16 Parehase Oct. 6 Purchase 126 196 106 474 Unit Coat $38 40 43 44 Total Coat $ 1,748 5,040 8,420 4,664 $19,880 For the entire year, the company sells 425 units of inventory for $56 each 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 Avaliable for Sale Cost of Goods Sold. Weighted Average Cost Ending Inventory Weighted Average Cost Weighted Average Cost # of units Cost per Cost of Goods Available for of units Cost of #of units unit Cost per Unit Sold Ending in Ending Sale Goods Sold Cost per unit Inventory Inventory Beginning Inventory 46 S 1.748 Purchases Apr 07 126 5,040 Jul 16 196 8.428 Oct 06 4,664 Total 474 $ 19,880 106 Sales revenue Gross profit Required information Exercise 6-4A Calculate Inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Porchase Number of Unite 46 126 196 106 474 unit Cost $30 40 Total Coat $1,748 5,040 8.42 $39,880 For the entire year, the company sells 425 units of inventory for $56 each. Exercise 6-4A Part 4 4. Determine which method will result in higher profitability when inventory costs are rising Multiple Choice LIFO O Weighted-wverage FIFO
