Number of Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory 57 $ 49 $ 2,793 Apr. 7 Purchase 137 51 6,987 Jul.16 Purchase 207 54 11,178 Oct. 6 Purchase 117 55 6,435 518 $27,393 For the entire year, the company sells 443 units of inventory for $67 each. Check my work Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit Beginning Inventory 57 $ Cost of Goods Available for Sale 49 $ 2,793 # of units Cost per unit Cost of Goods Sold # of units 57 $ 49 $ 2,793 Purchases: Apr. 7 137 51 6,987 137 51 6,987 Jul.16 207 $ 54 11,178 207 $ 54 11,178 Oct.6 117 $ 55 6,435 117 $ 55 6,435 Total 518 $ 27,393 443 Cost Ending per unit Inventory Sales revenue $ 29,681 Gross profit 1