! Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase 4 Number of Units 20 25 30 30 105 Unit Cost $22 21 20 18 Total Cost $ 440 525 600 540 $2,105 For the entire year, the company sells 81 units of inventory for $30 each.

Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below] During the year, Trombley Incorporated has the following inventory transactions. For the entire year, the company sells 81 units of inventory for $30 each. Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. For the entire year, the company sells 81 units of inventory for $30 each. \begin{tabular}{|l|l|} \hline Sales revenue \\ \hline Gross profit & \\ \hline \end{tabular}