! Required information 4 [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 60 140 210 120 Unit Cost $ 52 54 57 Total cost $ 3,120 7,560 11,970 6,960 $29,610 58 ok 530 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. Help Required information The following information applies to the questions displayed below! During the year, TRC Corporation has the following inventory transactions Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Unito 60 140 Unit Cost $52 54 57 58 Total Cost $ 3,120 7,560 11,970 6,960 210 120 530 $29.610 For the entire year, the company sells 450 units of inventory for $70 each 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Weighted Average Cost Ending Inventory - Weighted Average Cost of units Cost per unit Cost of Goods # of units Available for Sale Sold Cost per Unit Cost of Goods Sold #of units in Ending Inventory Cost per unit Ending Inventory Beginning Inventory Purchases 60 $ 3.120 Apr 07 140 7.560 Jul 16 210 Oct 06 120 11,970 6.960 [20.tn