Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost 45 $ 37 125 39 Total Cost $ 1,665 4,875 8,190 4,515 $19,245 For the entire year, the company sells 414 units of inventory for $55 each. Exercise 6-4B 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 # of units Cost per Goods unit Available #of units Cost per Cost of Goods Sold #of units Cost Ending per unit Inventory unit for Sale Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit