Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) (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 52 132 202 112 498 Unit Cost $ 44 46 49 50 Total Cost $ 2,288 6,072 9,898 5,600 $23,858 For the entire year, the company sells 432 units of inventory for $62 each. Exercise 6-4A Part 2 2. Using LIFO, calculate ending Inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale Cost per # of units Cost of Goods Sold #of units Cost Ending per unit Inventory unit Beginning inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit