[The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Units Unit Cost $36 44 Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Transaction Beginning Inventory Purchase Purchase Purchase 124 194 104 Total Cost 1,584 4,712 7,954 4,368 466 $ 18,618 For the entire year, the company sells 413 units of inventory for $54 each. value: 1.00 points 3. Value: 1.00 points 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 Average Cost of Goods Average Ending # of units Cost per Average Cost of # of units Cost per Goods unit Sold # of units Available for Sale Cost, Inventory per unit" unit Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total Sales revenue Gross profit 4. 1.00 points 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Ending Average # of units Cost per unit Cost of Goods Available for Sale Average Cost of # of units Cost per Goods unit Sold # of units Cost per unit Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit. (Round "Weighted Average Cost per unit" to 4 decimal places) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Average Cost of Goods # of units Cost per Available for unit # of units Average Cost per Unit Cost of # of units in Ending Average Cost per Sold Sale Ending Inventory Goods Sold Inventory unit $ 1,584 Beginning Inventory Purchases Apr 07 4,712 7,954 Jul 16 Oct 06 104 4,368 Total 4665 18,618 | Sales revenue Gross profit