[The following information applies to the questions displayed below.] During the year, TRC Corporati

[The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost $ 2,193 5,895 9,648 5,439 $23,175 $ 43 Jan. 1 Beginning inventory Apr. 7 Purchase 51 131 45 Jul. 16 Purchase 201 48 Oct. 6 Purchase 111 49 494 For the entire year, the company sells 431 units of inventory for $61 each Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available Cost of Goods Sold Cost per unit Cost Ending per unit Inventory Cost #of units #of units #of units per unit for Sale Beginning Inventory Purchases: Apr. 7 Jul.16 Oct.6 Total

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