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Required information Skip to question [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date

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[The following information applies to the questions displayed below.]

During the year, TRC Corporation has the following inventory transactions.

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 57 $ 49 $ 2,793
Apr. 7 Purchase 137 51 6,987
Jul. 16 Purchase 207 54 11,178
Oct. 6 Purchase 117 55 6,435
518 $ 27,393

For the entire year, the company sells 443 units of inventory for $67 each.

2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

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