Required information [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory 30 $32 $ 960 Mar. 4 Purchase 35 31 1,085 Jun. 9 Purchase 40 30 1,200 Nov.11 Purchase 40 28 1,120 145 $4,365 For the entire year, the company sells 111 units of inventory for $40 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Beginning Inventory Purchases: Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit Goods Available # of units Cost per unit Cost of Goods Sold # of units for Sale $ 0 $ 0 0 Cost Ending per unit Inventory Mar 04 Jun 09 Nov 11 Total 0 $ 0 0 0 $ 0 0 0 $ 0 0 0 $ 0