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. Number of Unit Transaction Unita Cost Total cont Jan. 1 Beginning inventory $ 44 $ 2,288 Apr. 7 Purchase 132 46 6,072 Jul. 16 Purchase 202 49 9,898 Oct. 6 Purchase 112 50 5,600 $23,858 Date 52 498 For the entire year, the company sells 432 units of Inventory for $62 each Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Sold Ending Inventory #of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory FIFO Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct 6 Total Sales revenue Gross profit