Required information The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 47 127 197 107 478 Unit Cost $ 39 41 44 45 Total Cost $ 1,833 5,207 8,668 4,815 $20,523 For the entire year, the company sells 426 units of inventory for $57 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Ending Inventory Cost of Goods Sold Cost per Cost of # of units Goods unit Sold Cost per # of units Cost Ending per unit Inventory $ 0 $ FIFO Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale Beginning Inventory $ 0 Purchases: Apr. 7 Jul. 16 Oct.6 Total $ 0 $ 0 0 $ 0 O O O O OO $ 0 0 $ Sales revenue Gross profit