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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following Information...

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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following Information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 59 139 209 119 526 Unit Cost $ 51 53 56 57 Total Cost $ 3,009 7,367 11,704 6,783 $28,863 For the entire year, the company sells 445 units of inventory for $69 each. Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale 0 # of units Cost per Cost of Goods # of units Cost Ending per unit Inventory unit Sold $ 0 $ 0 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct 6 0 0 0 $ $ 0 0 0 0 $ 0 0 Total $ 0 Hint Print References Sales revenue Gross profit Na

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