we wrofit Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Beginning Inventory Purchases: Apr. 7 Jul 16 Oct 6 Total Sales revenue Gross profit Cost of Goods Available for Sale Cost of Goods Available for Sale $ Average of units Cost per unit 59 $ 139 $ 209 $ 119 $ 526 30,705 51 $ 53 56 57 3,009 7,367 11,704 6,783 $ 28,863 Cost of Goods Sold Average # of units Cost per unit 53 139 $ 209 $ 56 $ 57 445 Cost of Goods Sold S 51 $ 0 7,367 11,704 0 Ending Inventory # of units 0 0 Average Ending Cost per unit Inventory