Chapter 6 Homework Help Save & Exit Submit Check my work 2 Required Information The following information applies to the questions as played below! During the year, TRC Corporation has the following Inventory transactions Humbee ot thit Transaction UILLE Jan. 1 Beginning inventory Coot Total cost 57 $49 0 2,793 Apr. 7 Purchase 137 51 6.907 Jul.16 Purchase 54 11. 170 Oct. 6 Purchase 55 6,435 518 $277193 202 Suite For the entire year, the company sells 443 units of inventory for $67 each Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, soles revenue and gross profit. FIFO Cost of Goods Bold Ending Inventory of units Cost per Cost of Goods Available for Sale Cost of Goods uit Available For Sale 571 5 19 $ 2.7931 of unite Coster Cost of unit Goode Sold of unite Cost Ending per unit Inventory 57 5 402793 Beginning Inventory Purchases Apr. 7 Jul 16 1375 20775 5 51 54 0.007 11.1731 31 54 6.367 11.1787 2071 mework 1 Sowed Help Save & Exit Submit Check my work For the entire year, the company sets 443 units of inventory for $6/ each Required: 1. Using FIFO, calculate ending inventory.cost of goods sold, sales revenue, and gross profit Ending Inventory of units Cost Ending per un Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of Cost per Nef units Goods Cost of Cooper N of units unit Goods Available tinit Sold for Sale Beginning inventory 57 5 40 $ 2.793 57 $ 49 5 2793 Purchase Apr 137 s 6.7 1375 51 5987 Jul 10 207 s 11,170 2075 54 11.178 Octs 117s 55 435 $ 55 0 Tocal 5 27 93 5 27300 Barvenue Gross proft