vork Sred Required Information 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 Purchase Jul.16 Purchase Oct 6 Purchase Number of Units Unit Cost 60 552 148 54 210 57 128 58 530 Total Cost 5 3,120 7 be 11,970 6,960 $29,610 For the entire year, the company sells 450 units of inventory for $70 each 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 Cost per of units unit B of units Cost of Goods Available for Sale $ 3,120 Cost per unit Cost of Goods Sold #of units Cost Ending per unit Inventory 005 52 60 $ 52 S 3, 120 54 54 Beginnin Purchases Apr 7 Jul, 10 Oct 6 Total 64 57 140 $ 21015 120 530 57 58 7.560 11,070 0.000 20,010 $ 571 $ 581 $ 220 2.910 3.240 3,364 58 3 Sales revenue Gross broti