Required information [The following information applies to the questions displayed below) During the year, TRC Corporation has the following Inventory transactions. Number of Unit Date Transaction Units Cost Total cost Jan. 1 Beginning inventory $ 1,353 Apr. 7 Purchase 121 35 4,235 Jul.16 Purchase 191 38 7,258 Oct. 6 Purchase 101 39 3.939 454 $16,705 $33 For the entire year, the company sells 410 units of inventory for $51 each. 2. Using LIFO, calculate ending Inventory, cost of goods sold, sales revenue, and gross profit LIFO Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of Cost Cost of Goods of Cost Cost of per Cost units # of Goods Available Ending unit units per unit units for Sale Sold unit Inventory 41 $33$ 1.353 41XS 30 $ 1,353 Beginning Inventory Purchases Apr OT Jul 16 Oct 06 Total 121535 191S 38 101S 300 454 4,235 7.258 3.939 16,785 121 XS 35 191S 38 57 S 30 410 4,235 7,258 2.223 $12.846 S 44S 39 44 1.716 1,716 $ Sales revenue Gross profit