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

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		40		$	32			$	1,280
Apr.	7	Purchase		120			34				4,080
Jul.	16	Purchase		190			37				7,030
Oct.	6	Purchase		100			38				3,800
				450						$	16,190

For the entire year, the company sells 400 units of inventory for $50 each.

Required:

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