Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 20 25 30 30 Unit Cost $ 22 21 20 18 Total Cost 440 525 600 540 $2,105 105 For the entire year, the company sells 81 units of inventory for $30 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Sold Ending Inventory FIFO Cost of Goods Available for Sale Cost of Goods Available Cost per unit Cost of Goods Sold Cost per unit # of units Cost En per unit Inve # of units # of units For the entire year, the company sells 81 units of inventory for $30 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 # of units Cost per Cost of # of units Goods unit Available for Sale 20 $ 22 $ 440 unit Cost of Goods Sold # of units Cast Ending per unit Inventory Beginning Inventory Purchases: $ 22 $ 0 Mar 04 25 $ 21 0 525 600 $ $ 21 20 Jun 09 30 $ 20 0 0 Nov 11 30 $ 18 540 $ 18 Total 105 $ 2,105 81 $ 2,430 Sales revenue Gross profit