2 eBook 101 Hint Print References During the year, TRC Corporation has the following inventory transactions. Number of Unit Total Units 43 123 Cost $35 Cost $1,505 4,551 7,720 37 193 40 103 41 4,223 462 $17,999 Date January 1 April 7 July 16 October 6 For the entire year, the company sells 412 units of inventory for $53 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Transaction Complete this question by entering your answers in the tabs below. Beginning inventory Purchase Purchase Purchase Req 1a and b Req ic and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d FIFO Using FIFO, calculate ending inventory and cost of goods sold. Beginning Inventory Purchases: April 07 July 16 October 06 Total Cost of Goods Available for Sale st of Goods Available for Sale 1,505 $ Number Cost per of units unit 43 $ 123 $ 193 $ 103 $ 462 35 37 40 41 $ 4,551 7,720 4,223 17,999 Cost of Goods Sold Number of units Reg da and b Cost per unit $ 35 $ 37 $ 40 $ 41 Cost of Goods Sold Req 4 Ending Inventory Number Cost Ending of units per unit Inventory Req 1c and d >

Daing the yeac, TRC Corporason has the following inventory transections: For the entice year, the company selis 412 unis of inventory for $53 each Reetired: 1.a \& b. Using FIFO, calculate ending inventory and cost of goods sold. fc& d. Using FFO, calculare sales reverue and gross profit 2a& b. Using LiFO, calculate ending irveatocy and cost of goods sold. 2