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OYU Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan.

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OYU Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 28 33 38 38 137 Unit Cost $ 30 29 28 26 Total Cost $ 840 957 1,064 988 $3,849 For the entire year, the company sells 101 units of inventory for $38 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units # of units unit Cost of Goods Available for Sale $ Cost of Goods Sold # of units unit Cost Ending per unit Inventory 0 Beginning Inventory Purchases Mar 04 0 Jun 09 0 0 Nov 11 A Total 0 ces Sales revenue Gross profit

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