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During the year, Trombley Incorporated has the following inventory transactions.

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		29		$	31			$	899
Mar.	4	Purchase		34			30				1,020
Jun.	9	Purchase		39			29				1,131
Nov.	11	Purchase		39			27				1,053
				141						$	4,103

For the entire year, the company sells 110 units of inventory for $39 each.

Required:

1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

Sales revenue
Gross profit

FIFO	Cost of Goods Available for Sale			Cost of Goods Sold			Ending Inventory
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units	Cost per unit	Cost of Goods Sold	# of units	Cost per unit	Ending Inventory
Beginning Inventory
Purchases:
Mar 04
Jun 09
Nov 11
Total