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Required information (The following information applies to the questions displayed be/ovv.j During the year, T RC Corporation has the following inventory transactions. Pert 1 of 4 $ 3,12a 3 polnts $29, Ela Date Jan. 7 Jul . 16 Oct . 6 Transaction Beginning inventory Purchase Purchase Purchase Number of units unit Cost Total Cost $ 52 21a 53a 7,56a 11, 97a 6,96a 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 Answer is not complete. 00 s val Sale Cost Cost of Goods Sold Ending Inventory Cost of Goods # of units per Available unit for Sale # of units Cost per unit # of units Beginning Invento Purchases Apr. 7 Jul. 16 Oct_6 . Total Cost of Goods Sold s 3,120 7,560 11,970 2,320 s 24,970 Cost per unit 60 s 140 e s 2109 s 120 e s 530 52 e s 54 e 57 e 58 e s 3,120 7,560 11,970 6,960 29,610 609 s 140 e 2109 s 40 e s 52 54 57 58 58 Ending Inventory 1,392 240 s 24 e