Required information [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Unit Cost $ 40 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 48 128 198 108 482 45 Total Cost $ 1,920 5,376 8,910 4,968 $21, 174 46 For the entire year, the company sells 427 units of inventory for $58 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 # of units Cost per unit Cost per #o Cost of Goods Available for Sale $ # of units unit Cost Ending per unit Inventory Sold $ 0 $ 0 0 0 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct. Total $ $ $ 0 0 0 6 0 01 0 $ 0 Sales revenue Gross profit