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Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) 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 Unit Cost Total Cost 40 532 $ 1,280 120 34 4,080 190 37 7,230 38 3,800 450 $16, 190 100 For the entire year, the company sells 400 units of inventory for $50 each Exercise 6-4A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue and gross profit Cost of Goods Sold Ending Inventory Cost per of units Cost per Cont of Goods Sold unit Cost of units Ending per unit Inventory LIFO Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale Beginning Inventory 5 0 Purchases Apr 07 Jul 16 0 Oct 06 0 Total 0 Sales revenue Gross profit For the entire year, the company sells 400 units of inventory for $50 each. Exercise 6-4A Part 3 3. Using weighted average cost calculate ending inventory, cost of goods sold, sales revenue and gross profit (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Weighted Average Cont Ending Inventory - Weighted Average Cost #of units Ending in Ending Cost per unit Inventory Inventory # of units Cost of Goods Available for # of units Sale Sold Cost per Cost of Goods Sold unit Cost per Unit 40 $ 1,280 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 120 190 100 450 4080 7.030 3,800 16,190 5 Sales revenue Gross por

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