olve for the incorrect values. Please create tables and show work.

 

During the year, TRC Corporation has the following inventory transactions. Date January 1 Transaction Beginning inventory April 7 Purchase July 16 Purchase October 6 Purchase Number of Unit Total Units 59 Cost Cost $51 $3,009 139 53 7,367 209 56 11,704 119 57 6,783 526 $28,863 For the entire year, the company sells 445 units of inventory for $69 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using weighted-average cost, calculate ending inventory and cost of goods sold. Note: Round "Average Cost per unit" to 4 decimal places and all other answers to 2 decimal places. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Number Average of units Cost per Unit Cost of Goods Available for Sale Number of units Average Cost per Unit Cost of Goods Sold Number of units Average Cost per Unit Ending Inventory 59 $ 3,009 Beginning Inventory Purchases: April 07 139 7,367 July 16 209 11,704 October 06 119 6,783 Total 526 $ 54.2500 $ 28,863 445 54.2500 $ 24,141.25 < Req 2c and d Req 3c and d > 81 54.2500. 4,394.25 X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using weighted-average cost, calculate sales revenue and gross profit. Note: Round answers to 2 decimal places. Sales revenue $ 30,705.00 Gross profit $ 6,563.75 < Req 3a and b Req 4 > Req 4