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 Units Unit Transaction Total Cost $3,120 7,560 11,970 6,960 Date Cost $ 52 Beginning inventory Purchase Purchase Purchase 60 140 210 1 Jan. 54 Apr. 7 Jul.16 Oct. 6 57 58 120 530 $29,610 For the entire year, the company sells 450 units of inventory for $70 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 Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per unit # of units Cost per unit Cost Ending #of units Goods Sold per unit Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total