Required information [The following informetion applies to the questions displayed below) Glssgow Corporation hes the following inventory transactlons during the year. Unit Date Transaction Nunber of...

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Extracted text: Required information [The following informetion applies to the questions displayed below) Glssgow Corporation hes the following inventory transactlons during the year. Unit Date Transaction Nunber of Units Cost Tatal Cost Jan. 1 Beginning inventory Apr. 7 Purchase Jul.15 Purchase $ 2,688 6,80 20,918 6,254 56 136 sa 206 53 Oct. 5 Purchase 116 54 514 $26,670 For the entire year, the company sells 442 units of Inventory for $66 each. 2 Using LIFO, calculste ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Coct of Goods Avallable for Bale Coct of Goods Bold Ending Inventory of units Coct per unit Cost of Goods Avallable for Sale Cost of Goods Bold Ending per unit Inventory Cost Cost of units #of units per unit Boginning Inventory Purchases: Apr 07 of Ju 16 Oct 06 Total Sales revenua Gross profit