Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Unit Cost $ 35 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 43 123 193 103 37 40 41 Total Cost $ 1,505 4,551 7,720 4,223 $17,999 462 For the entire year, the company sells 412 units of inventory for $53 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO 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. 7 Jul.16 Oct.6 Total Sales revenue Gross profit