Number Unit Cost Total Cost of Units Date Transaction 49 2,793 Jan. 1 Beginning inventory 57 Apr. 7 Purchase 137 51 6,987 207 Jul. 16 Purchase 178 Oct. 6 Purchase 55 6,435 27,393 518 For the entire year, the company sells 443 units of inventory for $67 each. value: 5.00 points Required 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending inventory Cost of Average Goods of units Cost per Available of units Cost per unit unit Average Cost of Average Ending Goods of units Cost Inventory Sold per unit for Sale 57 S 49 2,793 Beginning Inventory 57 49 2,793 Purchases: Apr 7 137 51 6,987 137 51 6,987 207 54 11,178 207 54 11,178 Jul 16 6 117 55 6,435 55 Oct. 27,393 518 Total