(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 57 137 207 117 518 Unit Cost $49 51 54 55 Total Cost $ 2,793 6,987 11,178 6,435 $27,393 For the entire year, the company sells 443 units of inventory for $67 each. Required: 1. Using FIFO, calculate ending inventory.cost of goods sold, sales revenue, and gross profit. FIFO Answer is complete but not entirely correct. Cost of Goods Avaliable for Sale Cost of Goods Sold Ending Inventory Cost of of Cost Goods # of Cost Cost of #of Cost per units Ending Available per units Goods unit per units unit for Sale Sold unit Inventory 57$ 49 $ 2,793 57$ 49 $ 2.793 57 S 49 S 2,793 Beginning Inventory Purchases: Apr. 7 137$ 51 . 6.987 137 $ 51 6.987 1373 $ 51 6,987 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is complete but not entirely correct. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale # of Cost Cost of Goods units per unit Available for Sale 57$ 49 $ 2,793 Cost # of units Cost per unit Cost of Goods Sold # of units per unit Ending Inventory 57$ 49 $ 2,793 57 $ 49 $ 2,793 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct 6 Total 137$ 51 207 $ 54 6,987 11,178 6,435 $ 27,393 137 207 42 443 $ 51 $ 54 $ 55 6,987 137 * $ 51 11,178 207 $ 54 2,310 42 $ 55 $ 23,268 443 6.987 11,178 2,310 $ 23,268 117 55 518 Answer is complete and correct. $ 29,681 Sales revenue Gross profit $ 6,413