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 49 129 199 109 486 Unit Cost $ 41 43 46 47 Total Cost $ 2,009 5,547 9,154 5,123 $21,833 For the entire year, the company sells 428 units of inventory for $59 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is not complete. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost Cost of # of Goods per units Available unit for Sale 49 $ 41 $ 2,009 # of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventory 109 $ 41 $ 4,469 49 $ 41 $ 2,009 9 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total $ 43 387 199 X $ 43 120 X $ 46 129 $ 43 199$ 46 109 $ 47 486 5,547 9,154 5,123 $ 21,833 8,557 5,520 + 428 $ 19,437 58 2,396 Answer is complete and correct. Sales revenue Gross profit $ 25,252 $ 5,815