Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost Total Cost 60 $52 $ 3,120 140 $4 7,560 210 57 11,978 1281 58 6,968 538 $29,610 For the entire year, the company sells 450 units of inventory for $70 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit of units Cost per unit for Sale Beginning inventory Purchases Ces Apr 07 Jul 10 D Oct 06 Ending Inventory of units Ending Cost per unit Inventory Total Sales revenue Gross profit of