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 43 $ 35 123 37 193 40 103 Total Cost $ 1,505 4,551 7,720 4,223 $17,999 41 462 For the entire year, the company sells 412 units of inventory for $53 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Cost of Goods unit Available for Sale $ 0 # of units Cost per Cost of Goods Sold unit # of units Cost Ending per unit Inventory 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 0 $ Sales revenue Gross profit