https: t.mheduca ssignment Chapter 6 Assignment 2 Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) The following information applies to the questions displayed below] During the year, TRC Corporation has the following inventory transactions 10 poln ts Number of Unit Date Jan. 1 Beginning Apr. 7 Purchase Units Cost Total Cos 60 $52 3, 120 54 57 58 Transaction inventory 140 210 120 530 7,560 11,970 6, $29, 610 Jul.16 Purchase Oct. 6 Purchase 960 eBook Hint For the entire year, the company sells 450 units of inventory for $70 each. Print . M LUnpany sells 450 units of inventory for $70 each. Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory | Cost per: # of units unit Available : Cost of Goods Available : |#of units.perunit.lnventoryl . !#Of units /Cost per/cost of unit unit per unit Sold for Sale Beginning Inventory Purchases: Apr. 7 Jul 16 Oct.6 Total Sales revenue Gross Get Homework Help With Ch Chapter 6 Assignment 6 2 . Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) The following information applies to the questions displayed below During the year. TRC Corporation has the following nvemory transactians t0 Mumber of Unit UnitsCost Cost Date Transaction Jan. 1 Beginning Apr-7 Purchase Ju1.16 Purchase oct. 6 Furchase 60 52 3,120 140 210 inventOry 54 57 586,960 7,560 11,970 120 530 429, 610 For the entire year, the company sells 450 units of inventory for $70 each Exercise 6-4A Part 1 1. Using FifO. calculte ending inventory, cost of goods sold, sales revenue, and gross proft Cost of Goods Available for SaleCost of Goods Sold units Cost per Cost unit Cestp Goods 8 of units pes unit lnwentory #ot unit, Sold for Sale Apr. 7 Jul 16 Oct.8 Total Sales revernue Gross proft