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, Number of Units 19 Unit Cost $ 21 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase 20 Total Cost $ 399 480 552 493 $1,923 For the entire year, the company sells 80 units of inventory for $29 each 3 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale Cost of Cost per Goods Sold Cost Ending # of units #of units per unit Inventory unit bok $ rint Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 Total ences Sales revenue Gross profit