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 Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory 56 $ 48 $ 2,688 Apr. 7 Purchase 136 50 6,800 Jul.16 Purchase 206 53 10,918 Oct. 6 Purchase 116 54 6,264 514 $26,670 For the entire year, the company sells 442 units of inventory for $66 each.