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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

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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 2Purchase Jul.16 Purchase Oct. 5 Purchase 59 139 289 119 526 Unit Cost $ 51 53 56 57 Total Cost $ 3,909 7362 11,704 6,283 $28,863 For the entire year the company sells 445 units of inventory for $69 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 unit Cost of Goods Available for Sale #of units Cost per unit Cost of Goods Sold of units Cost Ending per unit Inventory Beginning Inventory Purchases Apr 07 Jul 10 Oct 00 Total Sales revenue Gross profit

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