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 51 131 201 111 Unit Cost $ 43 45 48 Total Cost $ 2,193 5,895 9,648 5,439 $23,175 49 494 For the entire year, the company sells 431 units of inventory for $61 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 of Cost per Goods Cost of Cost per Cost # of units # of units unit Ending Available # of units Goods unit per unit Inventory Sold for Sale Beginning Inventory 0 $ 0 $ 0 Purchases Apr. 7 0 $ 0 0 Jul. 16 0 $ 0 0 Oct.6 0 $ 0 0 Total 0 $ 0 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 # of units Goods unit Available for Sale $ 0 Cost per Cost per # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit Beginning Inventory Purchases: Apr 07 0 0 Jul 16 Oct 06 Total Oo 0 $ 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 4 decimal places and all other answers to the nearest whole number) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending loventory Weighted Average Cout Welghted Average Coat of units Cost per unit Cost of Goods Available for Sale of units Sold Cost per Unit Cost of Goods Sold of units in Ending Inventory Cost per unit Ending Inventory $ 2.190 131 Beginning inventory Purchases Apr 07 Ju 16 Od TO 201 5.805 9,648 6430 23,175 404 $ Sales revenue Gross profit