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Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Cost per unit # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total ES Sales revenue Gross profit Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [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 Unit Cost 46 $ 38 126 40 196 43 106 44 474 Total Cost $ 1,748 5,040 8,428 4,664 $19,880 For the entire year, the company sells 425 units of inventory for $56 each. xorciona Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory LIFO Cost of Goods Available for Sale Cost of Cost per # of units Goods unit Available for Sale Beginning Inventory $ 0 Purchases: Apr 07 0 Jul 16 0 Oct 06 0 Total 0 $ 0 Sales revenue Gross profit Using weighted-average cost, calculate ending inventorete oods sold, sales revenue, and gross profit. (Round "Average Cost er unit" to 4 decimal places and all other answers to the neare hole number.) Ending Inventory - Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Weighted Average Cost Cost per unit Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold # of units in Ending Inventory # of units Sold Cost per Unit Cost per unit # of units s 1.748 46 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 126 196 106 474 5,040 8.428 4.664 19,880 $ 5 Sales revenue Gross profit