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 Unit Cost 45 $ 37 125 39 195 42 105 43 470 Total Cost $ 1,665 4,875 8,190 4,515 $19,245 - For the entire year, the company sells 414 units of inventory for $55 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 # of units Cost per unit Cost of Goods Available for Sale $ 0 Cost per # of units unit Cost of Goods Sold # of units Cost Ending per unit Inventory $ 0 $ 0 Beginning Inventory Purchases: Apr. 7 0 $ 0 0 0 $ 0 0 Jul. 16 Oct.6 0 $ 0 0 Total 0 $ 0 Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Sold Ending Inventory Cost of Cost per Goods # of units # of units Cost Ending per unit Inventory unit Sold 0 LIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Beginning Inventory $ Purchases: Apr 07 0 Jul 16 0 Oct 06 Total 0 $ 0 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 Inventory - Weighted Average Cost Weighted Average Cost # 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 45 1,665 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 125 195 105 470 4.875 8.190 4.515 19,245 Sales revenue Gross profit