this question has 3 parts Required information Exercise 6-4A Calculate inventory...

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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 Unit Units Cost Total Cost 47 $39 $ 1,833 127 41 5,207 197 44 8,668 107 45 4,815 478 $20,523 For the entire year, the company sells 426 units of inventory for $57 each. Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO X Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost Cost # of Cost Goods Cost # of of # of per units Ending Available per units unit per Goods unit units Inventory for Sale Sold unit 47$ 39$ 1,833 47$ 39 $ 1,833 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 127 $ 41 5,207 197$ 44 8,668 107$ 45 4,815 478 $ 20,523 127 $ 41 197$ 44 107X $ 45 478 5,207 8,668 4,815 $ 24,282 3,510 78 $ 45 X Total $ 3,510x Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost Cost of # of Cost Cost of Goods per # of units Available units per Goods unit Sold for Sale $ # of units Cost per unit Ending Inventory unit 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total olololo 0 $ Sales revenue Gross profit 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.) Weighted Average Cost Cost of Goods Available for Sale Cost of # of Cost Goods units per unit Available for Sale Cost of Goods Sold - Ending Inventory - Weighted Weighted Average Cost Average Cost # of units # of Cost of Cost per in Cost per Ending units Goods Unit Ending unit Inventory Sold Sold Inventory 47 $ 1,833 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 127 197 107 478 5,207 8,668 4,815 $ 20,523 Sales revenue Gross profit

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