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Required information The following information applies to the questions displayed below During the year, TRC...

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Accounting

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Required information The following information applies to the questions displayed below During the year, TRC Corporation has the following inventory transactions Nunber of Unit Transaction Units Zotal Cost Date Cost Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 2,585 6,615 10,660 6,095 55 47 49 135 Purchase 205 52 Oct. 6 Purchase 53 115 510 $25,955 For the entire year, the company sells 441 units of inventory for $65 each 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit Cost of Goods Available for Sale LIFO Cost of Goods Sold Ending Inventory Cost of Cost of Goods Sold Cost per unit Goods Available Cost # of units Ending per unit Inventory Cost #of units # of units per unit for Sale Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit

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