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Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3)

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During the year, TRC Corporation has the following inventory transactions.

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		41		$	33			$	1,353
Apr.	7	Purchase		121			35				4,235
Jul.	16	Purchase		191			38				7,258
Oct.	6	Purchase		101			39				3,939
				454						$	16,785

For the entire year, the company sells 410 units of inventory for $51 each.

Required:

1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.