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 42 Total Cost $ 1,920 5, 376 8,910 4,968 $21,174 For the entire year, the company sells 427 units of inventory for $58 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 # of units Cost per unit # of units Cost per Cost of Goods Available for Sale $ Cost of Goods Sold # of units Cost Ending per unit Inventory unit 0 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 $ 0 Sales revenue Gross profit