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. Date Jan. 1 Apr. 7 Jul.16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 60 140 210 120 Unit Cost $ 52 54 57 58 Total Cost $ 3,120 7,560 11,970 6,960 $29,610 530 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. Cost of Goods Sold Ending Inventory Cost per Cost per # of units LIFO Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Beginning Inventory $ 0 Purchases: Cost of Goods Sold # of units Cost Ending per unit Inventory unit Apr 07 0 Jul 16 0 Oct 06 O O Total 0 $ Sales revenue Gross profit