Required information The following information applies to the questions displayed below) During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units Unit Cost Total Cost $ 35 $ 1,505 123 37 4,551 193 40 7,720 103 41 4,223 462 $17,999 For the entire year, the company sells 412 units of inventory for $53 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Contol Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for Sale $ 0 # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory $ 0 $ 0 Beginning Inventory Purchases Apr. 7 Jul 16 Oct 6 Total $ 0 0 $ OOOO 0 0 lo $ 0 0 $ Sales revenue Gross profit Chec 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending overy 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: Apr 07 Jul 16 Oct 06 Total 0 0 0 $ 0 Sales revenue Gross profit Help Save & Exit Check 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit. (Round "Average Cost per unit" to 4 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 # of units Cost per unit Cost of Goods Available for # of units Sale Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 43 $ Beginning Inventory Purchases 1,505 0 Apr 07 Jul 16 123 193 103 462 4,551 7,720 4.223 17.999 Oct 06 Total $ Sales revenue