Required Information The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions Date Jan. Gegentory Ape Puch Jul 16 Purcha Oet Parcher Numbet Unita 60 210 120 530 240 Cat $52 57 58 Total Cost 3,120 7.560 11,970 3.560 +29.610 For the entire year, the company sells 450 units of inventory for $70 each, Required: 1. Using FIFO, calculate ending inventory.cost of goods sold, sales revenue and gross profit FOFO Cost of Goods Avator Cost of Goods Sold Ending ventory Bor of unit Cont per anit Costot Goods Available for Sale 5 0 of units Cost perman Cost of Goods Sold Cost per Ending Inventor 5 OS Beginning inventory Purchases Agr7 JU Oct 5 5 5 . ol 5 Sales Bross proft here to search O T Required Information [The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions. Number of Units 60 140 Unit Cost Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul 16 Purchase Oet. 6 Purchase 54 210 57 Total Coat $ 3, 120 7.560 11,970 6,960 $29, 610 58 120 530 For the entire year, the company sells 450 units of Inventory for $70 each 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 Cost per Goods units unit Available for Sale $ 0 Cost #of units per unit Cost of Goods Sold #of units Cost per unit Ending Inventory 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 0 0 $ 0 Sales revenue Gross proft