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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LOG-3) [T he following information applies to the questions displayed below. ] During the

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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LOG-3) [T he 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 54 $ 46 $ 2 , 484 Apr. 7 Purchase 134 48 6,432 Jul.16 Purchase 204 51 10,404 Oct. 6 Purchase H 52 5, 928 5 0 6 $2 5 , 2 4 8 For the entire year, the company sells 440 units of inventory for $64 each. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per Goods # of units Cost per Cost of Goods # of units Cost Ending unit Available unit for Sale Sold per unit Inventory Beginning Inventory $ 0 Purchases: Apr 07 0 Jul 16 O Oct 06 O Total 0 0 Sales revenue Gross profit

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