Part 2 of 4 0.5 points eBook 101 Hint Print References Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Units 60 140 210 120 530 Date Jan. 1 Apr. 7 Jul.16 Oct. 6 LIFO Transaction Beginning inventory Purchase Purchase Purchase Exercise 6-4A Part 2 Beginning Inventory Purchases: Apr 07 For the entire year, the company sells 450 units of inventory for $70 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available for Sale Cost of Goods Available for Sale 3,120 # of units Cost per unit 60 $ 140 $ 52 $ 54 7,560 Unit Cost $ 52 # of units 54 57 58 60 Cost of Goods Sold 140 Cost per unit Total Cost $ 3,120 7,560 11,970 6,960 $29,610 $ 52 S 54 Cost of Goods Sold $ 3,120 Ending Inventory # of units 52 Cost Ending per unit Inventory $ 52 $2,704

For the entire year, the company sells 450 units of inventory for \\( \\$ 70 \\) each. Exercise 6-4A Part 2 2. Using LFO, calculate ending inventory, cost of goods sold, soles revenue, and gross profit. \\begin{tabular}{|l|l|} \\hline Sales revenue & \\\\ \\hline Gross profit & \\\\ \\hline \\end{tabular} Required information Exercise 6.4A Calculate inventory amounts when costs are rising (LO6-3) The following information applies to the questions displayed below] During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 450 units of inventory for \\( \\$ 70 \\) each. Exercise 6-4A Part 2 2. Using LiFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit