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cost of goods sold. (Round "Average Cost per unit" to 4 decimal places and all other answers to 2 deci Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) During the year, TRC Corporation has the following inventory transactions. For the entire year, the company sells 414 units of inventory for $55 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1c& d. Using FIFO, calculate sales revenue and gross profit. 2 -a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c \& d. Using LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising Determine which method will result in higher profitability when inventory costs are rising. Delermine which mothod will result in higher profitability when inventory costs are rising. Using LFO, calculate sales revenue and gross profit. \begin{tabular}{|l|l|} \hline Sales revenue \\ \hline Gross profit \end{tabular} Using LFO, calculate ending inventory and cost of goods sold. Complete this question by entering your answers in the tabs below. Using FIFO, calculate ending inventory and cost of goods sold. Check my work Req 1a and b Req 1c and d Req 2a and b Req 2c and d/Req3a and b Using weighted-average cost, calculate ending inventory and cost of goods sold. (Round "Average Cost per unit" to 4 decimal places anc \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Weighted Average Cost } & \multicolumn{3}{|c|}{ Cost of Goods Avaitable for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Weighted Average Cost } & \multicolumn{2}{|c|}{ Ending Inventory } \\ \hline & Numberofunits & AverageCostperUnit & CostofGoodsAvalableforSale & Numberofunits & AverageCostperUnit & CostofGoodsSold & Numberofunits & Average \\ \hline \multirow{2}{*}{\multicolumn{9}{|c|}{ Purchases: }} \\ \hline & & & & & & & & \\ \hline Apriz 07 & 125 & & 4,875 & & & & & \\ \hline Odtober06Total & 105 & & \begin{tabular}{r|} 4,515 \\ 19,245 \end{tabular} & & & & & \\ \hline Total & 470 & & 19,245 & & & & & \\ \hline \end{tabular}

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