Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Units Date Transaction Jan. 1 Beginning . inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Cost $ 44 46 52 132 202 112 Total Cost $ 2,288 6,072 9,898 5,600 $23,858 498 For the entire year, the company sells 432 units of inventory for $62 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 # of units Cost per Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit unit # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit