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The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions Number Unit Cost Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 of Units 57 137 207 Total Cost $49$2,79:3 6,987 11,178 6,435 Transaction Beginning inventory Purchase Purchase Purchasee 51 54 518 $ 27,393 For the entire year, the company sells 443 units of inventory for $67 each Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost per unit Cost of Goods Available | # of units Cost per Average Cost of Average Ending # of units Goods Sold | # of units cost per unit ventory unit for Sale Beginning Inventory 57S 49$ 2,793 57$ 49$ 2,793 0 Purchases 137 51 207S 54 117S 55 518 137 5 207$54 6,987 11,178 6,987 11,178 6,435 $ 27,393 0 Jul. 16 Oct.6 $ 55 Total 443 $ 23,610 Sales revenue29,681 Gross profit S 6,071 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 of Average Goods Average Cost of Goods Sold Average Ending # of units Cost per its Cost Inventory Available # of units Cost per | # of uni unit unit per unit for Sale Beginning Inventory 0 Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Weighted-Average Cost per unit" to 4 decimal places) Cost of Goods Sold -Weighted Ending Inventory - Weighted Average Cost of Goods Available for Sale Average Cost Cost Average unit Weighted Average Cost CostofGoods#of units Available for Average Average Costper # of units Ending Goods Sold in Ending Cost per Inventory # of units Cost per Sold unit Sale Unit Beginning Inventory 57 2,793 Purchases Apr 07 Jul 16 Oct 06 137 6,987 11,178 6,435 27,393 207 Total 518 52.2500 Sales revenue Gross profit