[The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Unit Cost Date Jan. 1 Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units 47 127 197 107 Total Cost $39 1,833 5,207 8,668 4,815 Transaction Beginning inventory 41 45 478 $ 20,523 For the entire year, the company sells 426 units of inventory for $57 each. Required 1. Using FIFO, calculate ending inventory,cost of goods sold, sales revenue, and gross profit Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Average Ending Average # of units cost per l Available unit Average Cost of # of units Cost per Goods Sold | # of units Cost per unit nventory for Sale unit Beginning Inventory 47$ 391,833 47 $ 39$1,833 Purchases: Apr. 7 Jul.16 Oct.6 127 41 197 44 $ 45 5,207 8,668 1271 1st $ 44 107 45 478 5,207 8,668 4,815 $ 20,523 Total Sales revenue Gross proft 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available for Sale Cost of Goods Sold Endingunventory LIFO Cost of Available for Sale Average Cost of Average Ending Cost per unit Inventory # of units Cost per | # of units Cost per Goods Sold | # of units unit Beginning Inventory 47 $391,833 0 Purchases: Apr 07 Jul 16 Oct 06 127 4 19 $ 107 $ 454,815 431 5,207 127$41 19744 10745 478 5,207 8,668 4,815 $ 20,523 44 8,668 Total Sales revenue Gross profit 3. Using weighted-average cost, calculate ending inventory,cost of goods sold, sales revenue, and gross proft. (Round "Weighted-Average Cost per unit" to 4 decimal places) Cost of Goeds Available for Sale Cost of Goods Sold-Weighted Ending Inventory-Weighted Average Cost Weighted Average Cost Average Cost of Goods of units Seld Averge Cost Average Cost per Goods Sold in Ending Cost per #ofinits | Cost per | Available for Unit Inventory unit Beginning inventory 1,833 Purchases Ape 07 Jul 16 Od 06 127 197 107 478 5,207 8,668 4815 20.523 Total Sales revenue Gross pront