Question: please answer this four part question in an organized way please!! Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following
please answer this four part question in an organized way please!!


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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. 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. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. 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.) Determine which method will result in higher profitability when inventory costs are rising. Multiple Choice FIFO Weighted-average LIFO
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