! Required information Exercise 6-5A Calculate inventory amounts when costs are declining (L06-3) [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Jan. 1 Mar. 4 Jun. 9 Nov.11 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 21 26 31 31 109 Unit Cost $ 23 22 21 19 Total Cost $ 483 572 651 .589 $2,295 For the entire year, the company sells 82 units of inventory for $31 each. Exercise 6-5A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit