each question has the same info

Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Number of Units 59 Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Cost $ 51 53 56 57 139 209 119 526 Total Cost $ 3,009 7,367 11,704 6,783 $28,863 For the entire year, the company sells 445 units of inventory for $69 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 Cost per Goods # of units unit Available for Sale Cost per # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory $ 0 $ 0 $ 0 es 0 $ 0 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total 0 $ 0 OO Ooo 0 $ 0 $ 0 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 Cost per # of units unit Available for Sale Cost of Goods Sold Cost per Cost of # of units Goods unit Sold # of units Cost Ending per unit Inventory $ 0 Beginning Inventory Purchases: Apr 07 Jul 16 OOOO Oct 06 0 Total 0 S 0 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Co- Cost Cost per Cost of Goods # of units # of units of units Cost of Ending Available for Cost per Unit in Ending unit Cost per unit Goods Sold Sold Sale Inventor Inventory 59 $ 3,009 Beginning inventory Purchases Apr 07 Jul 16 139 7,367 11,704 6,783 28,863 209 119 526 Oct 06 Total $ 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet