[The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 40 $ 32 $ 1,280 Apr. 7 Purchase 120 34 4,080 Jul.16 Purchase 190 37 7,030 Oct. 6 Purchase 100 38 3,800 450 $16,190 For the entire year, the company sells 400 units of inventory for $50 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Beginning Inventory Ending Inventory Cost Ending Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit # of units Cost per unit Cost of Goods Sold # of units per unit Inventory for Sale $ 0 Goods Available Purchases: Apr 07 Jul 16 Oct 06 Total 0 0 0 0 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.. Ending Inventory LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit # of units Cost per unit Goods # of units Sold Cost of Goods Available for Sale Ending Cost per unit Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit $ 0 $ 10 0 0 0 0 0