[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 44 124 194 Unit Cost $36 38 Total Cost $ 1,584 4,712 7,954 4,368 $18,618 41 104 42 466 For the entire year, the company sells 413 units of inventory for $54 each Required: 1. Using FIFO, calculate ending Inventory cost of goods sold, sales revenue and gross profit. o RE te to search Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods Available for Sale Cost per # of units # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit unit Beginning Inventory Purchases Apr 7 Jul 16 Oct 6 es Total 45 PM ere to search O 75 404