Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 22 27 32 32 113 Unit Cost $ 24 23 22 20 Total Cost $ 528 621 704 640 $2,493 For the entire year, the company sells 88 units of inventory for $32 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is complete but not entirely correct. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of Cost Goods units Available unit for Sale per # of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventory 22$ 24 $ 528 0 22 $ 24 $ 528 Beginning Inventory Purchases: Mar 04 27 $ 23 621 506 4 X $ 23 92 22 X $ 23 32 $ 22 Jun 09 32$ 22 704 704 0 Nov 11 32 $ 20 640 32 $ 20 640 0 Total 113 les 2,493 85 x $ 1,827 X 26 X $ 620 X Answer is not complete. Sales revenue $ 2,816 Gross profit