Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Unit Transaction Units Date Cost Total Cost Jan. 1 Beginning $2,009 49 $41 inventory Apr 7 Purchase Jul.16 Purchase 5,547 9,154 5,123 129 43 199 46 109 Oct. 6 Purchase 47 486 $21,833 For the entire year, the company sells 428 units of inventory for $59 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available Cost of Goods Sold Ending Inventory FIFO for Sale Cost of Cost Ending Cost Cost of Goods Sold Cost #of units # of Goods # of per unit Available units per unit per units unit Inventory for Sale Beginning Inventory Purchases: Apr. 7 Jul.16 Oct.6 Total Sales revenue Gross profit Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number Unit of Transaction Units Cost Total Cost Date Jan. 1 Beginning inventory $840 28 $30 Mar. 4 Purchase 33 29 957 Jun. 9 Purchase 38 28 1,064 988 38 Nov.11 Purchase 26 137 $3,849 For the entire year, the company sells 101 units of inventory for $38 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available FIFO Cost of Goods Sold Ending Inventory for Sale Cost of Cost Cost of Goods Sold Cost Cost # of units #of # of units Ending Goods per unit per unit per unit Inventory Available units for Sale Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total Sales revenue Gross profit