Required information Exercise 6-4B Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 58 138 208 118 522 Unit Cost $ 50 52 55 56 Total Cost $ 2,900 7,176 11,440 6,608 $28,124 For the entire year, the company sells 444 units of inventory for $68 each. Exercise 6-4B Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale $ 0 Cost per # of units Cost per unit Cost of Goods Sold # of units Cost Ending per unit Inventory $ 0 $ 0 Beginning Inventory Purchases: 0 0 Apr. 7 oon 0 0 OOO Jul. 16 Oct.6 Total 0 $ 0 $ 0 Sales revenue Gross profit