Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number Unit Date Transaction of...

Extracted text: Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number Unit Date Transaction of Units Cost Total Cost $38 $1,748 5,040 8,428 4,664 Jan. 1 Beginning inventory Purchase 46 Apr. 7 Jul. 16 126 40 Purchase 196 43 Oct. 6 Purchase 106 44 474 $19,880 For the entire year, the company sells 425 units of inventory for $56 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Sold Ending Inventory LIFO Cost of Goods Available for Sale Cost of Average Cost of Average Average


Extracted text: For the entire year, the company sells 425 units of inventory for $56 each. 4 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Average # of units Cost per Average Cost Cost of Average # of units Cost per Ending Inventory Goods Goods # of units Available unit unit Sold per unit for Sale Beginning Inventory 0. Purchases: Apr 07 nces Jul 16 0. Oct 06 0. Total 0. Sales revenue Gross profit < prev="" 6.="" 9="" 10="" 11="" of="" 16="" next=""> ...... R a 42 W ere to search %24 %24