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 48 Number of Units Unit Cost Total Cost 54 $ 46 $ 2,484 134 6,432 204 51 10,404 114 5,928 506 $25,248 For the entire year, the company sells 440 units of inventory for $64 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per # of units Cost per Cost of Goods Sold Available unit # of units unit Cost Ending per unit Inventory for Sale Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 $ 0 Sales revenue Gross profit