0 Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory 25 $27 $ 675 Mar. 4 Purchase 30 26 780 Jun. 9 Purchase 35 25 075 Nov.11 Purchase 35 23 805 125 $3,135 For the entire year, the company sells 98 units of inventory for $35 each. Exercise 6-5A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit LIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of of units Cost per unit of units Cost per unit Cost of Goods Sold of units Goods Available for Sale Cost Ending per unit Inventory Beginning Inventory Purchases: Mar 04