Required information [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory 15 $ 17 $ 255 Mar. 4 Purchase 20 16 320 Jun. 9 Purchase 25 15 375 Nov.11 Purchase 25 13 325 85 $1,275 For the entire year, the company sells 65 units of inventory for $25 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. ht LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Tences # of units Cost per unit Cost of Goods Available for Sale $ 255 Cost per # of units unit Cost of Goods Sold # of units Cost Ending per unit Inventory 15 $ 17 6 S 17 S 102 S 320 Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total 20 25 25 16 15 13 $ $ 375 325 1,275 85 $