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 48 $ 40 128 42 198 45 108 46 482 Total Cost $ 1,920 5,376 8,910 4,968 $21, 174 For the entire year, the company sells 427 units of inventory for $58 each. Exercise 6-4A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit # of units Cost of Goods Available for Sale $ 0 Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory 0 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 0 0 0 $ 0 Sales revenue Gross profit