! Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 15 20 25 25 85 Unit Cost $ 17 16 15 13 Total Cost $ 255 320 375 325 $1,275 For the entire year, the company sells 65 units of inventory for $25 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale $ 0 # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory $ 0 $ 0 s 0 Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total oo $ 0 OOOO $ 0 0 0 $ 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 per # of units Cost of Goods Available for Sale # of units unit Cost of Goods Sold Cost per unit # of units Cost Ending per unit Inventory 15$ 17 $ 255 Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 16 15 320 375 325 25$ 20 $ 25 $ 25 $ 85 15 375 325 0 0 13 13 25$ 65 Total $ 1,275 20 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 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Wolghted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Average cost of Goods # of units Cost per Avaliable for unit Sale of units Sold Average Cost per Unit Cost of Goods Sold # of units In Ending Inventory Average Cost per unit Ending Inventory 15 $ 255 Beginning Inventory Purchases: Mar 4 Jun 9 20 25 320 375 325 1,275 Nov. 11 Total 25 85 $ Sales revenue Gross profit $ 1,625 $ 726