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Required Information [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following Inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 53 133 203 113 502 Unit Cost $ 45 47 52 51 Total Cost $ 2,385 6,251 19,150 5,763 $24,549 For the entire year, the company sells 433 units of Inventory for $63 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit. LIFO 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 # of units unit Cost Ending per unit Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit