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 Number Unit Transaction of Units Cost Total Cost Jan. 1 Beginning inventory $ 15 $195 Purchase 1B 14 23 Nov. 11 253 Date 13 Mar. 4 Jun. 9 Purchase Purchase 252 299 13 11 23 77 $999 For the entire year, the company sells 61 units of inventory for $23 each. Exercise 6-5A Part 2 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 Cost per Goods # of units unit Available for Sale # of units Cost per unit Cost of Goods Sold #of units Cost Ending per unit Inventory $ 0 Beginning Inventory Purchases Mar 04 0 0 Jun og 0 Nov 11 $ 0 Total Sales revenue Gross profit