Calculate inventory amounts when costs an y (L06-30) E6-4 During the year, TRC Corporation has the following inventory transactions Transaction Number of Units Date Unit Cost Total Cost 3.120 Jan. 1 7.560 Beginning inventory Purchase Purchase Purchase Jul 16 Oct. 6 For the entire year, the company sells 450 units of inventory for $70 each. Required: 1. 2. 3. Using FIFO, calculate() ending inventory. (b) cost of goods sold. (c) sales revenue, and (d) gross profit Using LIFO, calculate (a) ending inventory. (b) cost of goods sold. (c) sales revenue, and (d) gross profit Using weighted average cost, calculate (s) ending inventory. (b) cost of goods sold. (c) sales revenue, and (d) gross profit Determine which method will result in higher profitability when inventory costs are rising 4. an d erin