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. 56 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 50 Number of Units Unit Cost Total Cost $ 48 $ 2,688 136 6,800 206 10,918 6,264 514 $26,670 For the entire year, the company sells 442 units of inventory for $66 each. Exercise 6-4A Part 1 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 # of units Cost per Cost of Goods Available for Sale Cost of per Goods Cost per unit # of units # of units unit Goods Sold Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 ...Tntal... Total Sales revenue Gross profit