Required information Exercise 6-4B Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, a company has the following inventory transactions. Unit Date Transaction Number of Units Cost Total Cost Jan. 1 Beginning inventory 54 $ 46 $ 2,484 Apr. 7 Purchase 134 48 6,432 Jul.16 Purchase 204 51 10,404 Oct. 6 Purchase 114 52 5,928 506 $25,248 For the entire year, the company sells 440 units of inventory for $64 each. Exercise 6-4B Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Goods Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit Available # of units Cost per unit for Sale Cost of Goods Sold # of units Beginning Inventory 54 $ 46 $ 2,484 Purchases: Apr 07 134 $ 48 6,432 Jul 16 204 $ 51 10,404 Oct 06 114 S 52 5,928 Total 506 $ 25,248 Cost Ending per unit Inventory