Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number of Units 25 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Unit Cost $ 27 26 30 35 35 Total Cost $ 675 780 875 805 $3,135 23 125 For the entire year, the company sells 98 units of inventory for $35 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Cost of Cost units Goods Ending Cost per unit # of units per unit Inventory Sold $ 0 $ 0 Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total 0 $ 0 0 0 $ 00 0 $ 0 01 0 0 % Sales revenue Gross profit 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 # of units Cost per Goods unit Available for Sale $ 0 # of units Cost per unit Cost of Goods Sold # of units " Cost Ending per unit Inventory Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total Sales revenue Gross profit 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Averag per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Average Cost per Unit Cost of Goods Sold # of units in Ending Average cost of Goods # of units of u # of units Cost per Available for | " Sold Sale $ 675 Average Cost per Ending Inventory Inventory unit Beginning Inventory Purchases: Mar.4 35 Jun.9 Nov. 11 Total 780 875 805 3,135 35 125 $ Sales revenue Gross profit