! Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.) of 3 During the year, TRC Corporation has the following inventory transactions. s Date Transaction Jan. 1 Beginning inventory Apr. 7. Purchase Jul. 16 Purchase Oct. Purchase Number of Units 60 140 210 120 530 Unit Cost $ 52 54 57 58 Total Cost $ 3, 120 7,560 11,970 6,960 $29,610 eBook 00 Hint For the entire year, the company sells 450 units of inventory for $70 each. Print Exercise 6-4A Part 1 References Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. 19 Required information Exercise 6-4A Part 1 Part 1 of 3 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. 0.13 points FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost per # of units unit Cost of Goods Sold # of units Cost of Goods Available for Sale $ 3,120 eBook unit Cost Ending per unit Inventory 60 $ 52 60 $ 52 $ 3,120 DO Beginning Inventory Purchases: Hint Apr. 7 140 $ 54 7,560 140 $ 54 7,560 11,970 Jul. 16 210 $ 57 11,970 210 $ 57 Oct.6 120 $ 58 Print $ 58 0 6,960 29,610 Total 530 $ References Sales revenue Gross profit Part 2 of 3 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO 0.13 points Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost per unit Cost of Goods Available for Sale # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory $ 0 eBook Beginning Inventory Purchases: Apr 07 0 LO Hint Jul 16 0 Oct 06 0 Total 0 $ 0 Print References Sales revenue Gross profit