"TUHU HUTUMIW Yue Sur Spuyeu weru. 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 46 126 196 106 474 Unit Cost $ 38 40 43 44 Total Cost $ 1,748 5,040 8,428 4,664 $19,880 For the entire year, the company sells 425 units of inventory for $56 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale 46 $ 38 $ 1,748 Cost per # of units Cost per Cost of Goods Sold # of units unit Cost Ending per unit Inventory 46 $ 38 $ 1.748 Beginning Inventory Purchases: 126 $ 40 Apr 07 126 $ $ 40 196 $ 43 196 $ 43 Jul 16 Oct 06 5,040 8,428 4,664 19,880 5,040 8,428 2,200 $ 17,416 106 s 44 50 $ 44 57 $ 44 2,508 Total 474 $ 415 Apr 07 126 $ 40 5,040 126 $ Jul 16 196 $ 43 8,428 196 $ Oct 06 106 $ 44 50 $ Total 4,664 19,880 474 $ 415 Sales revenue Gross profit Saved Help 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 46 126 196 106 474 Unit Cost $ 38 40 43 44 Total Cost $ 1,748 5,040 8,428 $19,880 For the entire year, the company sells 425 units of inventory for $56 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Waighted Average Cost Ending Inventory . Weighted Average Cost Weighted Average Cost # of units Cost per unit Cost of Goods Available for Sale of units Sold Cost per Unit Cost of Goods Sold # of units In Ending Inventory Cost per unit Ending Inventory 46 $ 1,748 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 126 196 106 474 5,040 8,428 4,664 19,880 $