! Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 57 137 207 117 518 Unit Cost $ 49 51 54 55 Total Cost $ 2,793 6,987 11,178 6,435 $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. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units # of units Cost of Cost per Goods unit Available for Sale $ 49 $ 2.793 Cost of Goods Sold Cost Ending # of units per unit Inventory unit 57 137 $ 51 6.987 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 207 $ 54 54 55 11,178 6,435 27,393 207 $ 117 $ 11,178 6,435 117 $ 518 55 $ Sales revenue Gross profit