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Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number Unit Transaction of

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Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number Unit Transaction of Units Cost Total Cost Jan. 1 Beginning inventory 26 $ 28 $ 728 Mar. 4 Purchase 31 837 Jun. 9 Purchase 936 Nov. 11 Purchase 129 $3,365 Date 36 36 27 26 24 864 For the entire year, the company sells 99 units of inventory for $36 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 Cost per Cost per # of units Cost of Goods Available for Sale # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit unit Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale Cost per # of units Cost of Goods Sold # of units unit Cost Ending per unit Inventory Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total Sales revenue Gross profit 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Weighted Average Cost Average Cost of Goods # of units Cost per Available for unit Sale Cost of Goods Sold - Weighted Ending Inventory - Weighted Average Average Cost Cost Average # of units Average of units Cost per Cost of in Ending Cost per Ending Sold Unit Goods Sold Inventory unit Inventory 26 $ 728 Beginning Inventory Purchases: Mar 4 Jun. 9 Nov. 11 Total 837 936 31 36 36 129 864 $ 3,365 Sales revenue Gross profit

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