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 unilt Number of Units Cost 57 549 137 51 207 54 112 55 Total cost $ 2,793 6.87 11,270 527,393 For the entire year the company sells 443 units of inventory for $67 each 2. Using LIFO calculate ending inventory cost of goods sold, sales revenue and gross profit LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods Hofun unt Available Costper of units Cost of Goods Cost Ending of units per unit inventory sich > 79F Clou NO &m a W E R U S D F G H N 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit UFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods of units unit Available for Sale $ 0 Cost per # of units Cost per unit Cost of Goods Sold Cost # of units Ending per unit Inventory Beginning Inventory Purchase Apr 07 Jul 16 Od 06 Total 0 + $ Sales revenge Grous profit ere to search o Q. WE R o