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During the year, TRC Corporation has the following inventory transactions. FIFO Date Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Beginning Inventory Purchases: Apr. 7 Jul.16 Oct.6 Total Transaction For the entire year, the company sells 450 units of inventory for $70 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Sales revenue Gross profit Cost of Goods Available for Sale Cost of Goods Available for Sale $ # of units 140 210 120 470 $ 31,500 $ 5,010 Cost per unit $ Number of Units 60 140 210 120 530 $ $ $ 52 54 57 58 Unit Cost $52 54 57 58 0 7,560 11,970 6,960 $ 26,490 Cost of Goods Sold # of units Total Cost $ 3,120 7,560 11,970 6,960 $29,610 Cost per unit $ 52 GA $ 54 57 58 $ LA SA $ Cost of Goods Sold $ 0 0 0 0 Ending Inventory # of units 60 Cost Ending per unit Inventory $ 52 140 210 $ 120 450 $ 54 57 $ 58 $ 3,120 7,560 11,970 6,960

During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 450 units of inventory for $70 each. equired: Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit