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 Number of Units Unit Cost 41 $ 33 121 191 101 Total Cost $ 1,353 4,235 7,258 3.939 $16,785 For the entire year, the company sells 410 units of Inventory for $51 each. ences Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost per Cost of Cost of Goods Available for Sale Cost of of units Cost per Goods unit Available for Sale 41 $ 33 $ 1,353 # of units Goods of units Cost Ending per unit Inventory unit Sold 41 $ 33 $ 1,353 41 S 33 $ 1,353 Beginning Inventory Purchases Apr. 7 Jul 16 121 $ 35 12 4235| 7.258 3,939 1 785 4,235 7,258 2.223 121 $ 191 $ 57 S 354,235 38 7.258 39 2 223 Od 6 101 $ 39