! Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Unit Date Transaction Units Total Cost Cost $ 44 Beginning inventory 52 $2,288 1 Jan Purchase Apr. 7 132 46 6,072 Jul.16 9,898 Purchase 202 49 Purchase Oct. 6 112 50 5,600 $23,858 498 For the entire year, the company sells 432 units of inventory for $62 each Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost per unit Cost per unit Ending per unit Inventory Cost #of units # of units # of units $ 2,332 $ $ $ $ $ Beginning Inventory 52 44 2,288 52 44 2,288 53 44 Purchases: $ 6,072 Apr. 7 $ 6,072 132 46 132 46 202 $ $ 9,898 Jul.16 202 49 9,898 49 $ $ Oct.6 112 50 5,600 50 0 $ 16,392 $ 23,858 498 386 Total Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available Cost of Goods Cost per unit Cost per unit Ending per unit Inventory Cost # of units # of units # of units Sold for Sale Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Cost of Goods Available for Sale Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods Available for Sale # of units Cost per unit # of units Sold Cost of Goods Sold Ending Inventory in Ending Inventory # of units Cost per Unit Cost per unit Beginning Inventory $ 52 2,288 Purchases: 6,072 Apr 07 132 Jul 16 202 9,898 112 5,600 Oct 06 $ 498 23,858 Total Sales revenue Gross profit