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. Date Transaction Jan. 1 Beginning Inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 59 139 209 119 526 Unit Cost $ 51 53 56 57 Total Cost $ 3,009 7,367 11,704 6.783 528,863 For the entire year, the company sells 445 units of Inventory for $69 each Exercise 6.4A Part 2 2 Using LIFO, calculate ending Inventory.cost of goods sold, sales revenue and gross profit, Answer is not complete. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale # of Cost Cost of Goods units per unit Available for Sale # of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventory 59S515 3.000 595 51 5 3.000 Beginning Inventory Purchases Apr 07 Jul 16 Ost 06 139$ 53 2003 580 119 357 520 7367 11.704 0.783 $ 28,893 117 S 58 200 S 56 1195 57 446 6.201 11,704 6.783 $ 24688