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For the entire year, the company sells 428 units of inventory for $59 each. Required: 1.a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c \& d. Using FFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2c& 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 not complete. Complete this question by entering your answers in the tabs below. Using FIFO, calculate ending inventory and cost of goods sold. Exercise 6.4 (Algo) Calculate inventory amounts when costs are rising (LO6.3) During the year, TRC Corporation has the following inventory transactions. For the entire year, the company selis 428 units of inventory for $59 each. Required: 1-a b. Using FIFO, calculate ending inventory and cost of goods sold. 1c& d. Using FIFO, calculate sales revenue and gross proft. 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 welghted-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 not complete. Complete this question by entering your answers in the tabs below. Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) For the entire yeat, the company sells 428 units of inventory for $59 each. Required: 1-a \& b. Using FFO, calculate ending inventory and cost of goods sold 1c&d, Using FIFO, calculate sales revenue and pross profit. 2a& b. Using LIFO, calculate ending inventory and cost of goods sold. 2c& d. Using LFO, calculate sales revenue and gross proft. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3c8d. Using weighted-averege cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. (8) Answer is no Complete this question by entering your answers in the tabs below. For the entire year, the company sells 428 units of inventory for $59 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. 3c& 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 not complete. Complete this question by entering your answers in the tabs below. Using LIFO, calculate ending inventory and cost of goods sold. For the entire year, the company sells 428 units of inventory for $59 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 not complete. Complete this question by entering your answers in the tabs below. Determine which method will result in higher profitability when inventory csts are rising. Detemine which method will reesll in higher proftabilisy when inventory costs aro risifg. FIFO Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 428 units of inventory for $59 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 not complete. Complete this question by entering your answers in the tabs below. Using FIFO, calculate sales revenue and gross profit. Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 428 units of inventory for $59 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. 2c& 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, calcuate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Answer is not complete. Complete this question by entering your answers in the tabs below. Using LIFO, calculate sales revenue and gross profit