Required information IThe following information applies to the questions displayed below During the year, TRC Corporation has the following inventory transactions. Date 3an. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Transaction Number of UnitsUnit Cost Total Cost 60 140 210 120 s 52 54 57 58 3,120 7,560 11,970 6.960 $29,610 530 For the entire year, the company sells 450 units of inventory for $70 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. es LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory unit | Available ! #ofunitsCostperl Cost of Sold Cost of Goods for Sale # of units | cost per | | unit | Goods # of units | cost | Ending per unit Inventory Beginning Inventory 60 S 52 S 3.120 Purchases Apr 07 Jul 16 Oct 06 140S 54 210 $ 57 120$ 58 530 7,560 11,970 6,960 5 29,610 54 6480 57 11.970 120 S 58 6960 S 25.410 12054 210 S Total Sales revenueswuresrgorem Gross profit