23 Part 4 5 Dot Required information The following information applies to the questions displayed below) During the year, a company has the following inventory transactions Number of Unit Data Transaction Unita Jan. 1 Beginning investory Coat Total cost 53 $ 2,385 Apr.) Pure 133 47 6.251 Jul.16 Purchase 203 50 10,150 0Purch 11) 31 5,767 502 $24,549 000 $45 For the entire year, the company sells 433 units of inventory for $63 each Required: 1. Using Fifo, calculate ending inventory, cost of goods sold, sales revenue and gross profit, FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for sale Cost of of unita Cost per Goods unit Available for Sale $ of units Coat per Cost of Goods Sold of units Cost Ending per unit Inventory 5 0 $ 0 Beginning inventory Purchases Apr 7 10 Oct 6 To 0 5 0 0 0 $ 0 0 0 $ 0 Part 1 of 4 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO 5 points Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods of units unit Available for Sale $ 0 00:19.55 # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory $ 0 $ 0 Beginning Inventory Purchases: Apr. 7 Jul 16 $ 0 0 0 O O OO $ 0 Oct 6 Total 0 $ 0 0 0 $ oo Sales revenue Gross profit