Required information [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Number of Unit Date Transaction Units Cost Total Cost Jan. 1 Beginning inventory 57 $ 49 $ 2,793 Apr. 7 Purchase 137 51 6,987 Jul.16 Purchase 207 54 11,178 Oct. 6 Purchase 117 55 6,435 518 $27,393 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. Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods #of units Cost Ending Sold per unit Inventory unit LIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Beginning Inventory 577 s 49 $ 2,793 Purchases: Apr 07 137 $ 51 6,987 Jul 16 207 $ 54 11,178 Oct 06 117 $ 55 6,435 Total 518 $ 27,393 117 $ 51 207 $ 54 5,967 11,178 6,545 $ 27,393 55 119 $ 443 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. Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory LIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Beginning Inventory 57 49 $ 2,793 Purchases: 137 s 51 6,987 Jul 16 2071 $ 54 11,178 Oct 06 1177 $ 55 6,435 Total 518 $ 27,393 Apr 07 51 1171 $ 207 $ 119 $ 443 54 55 5,967 11,178 6,545 27,393 Sales revenue Gross profit 29,681 5,999 $