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

Posted: December 30th, 2021

2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.LIFOCost of Goods Available for SaleCost of Goods SoldEnding InventoryCost of# of unitsCost perGoods# of unitsCost perCost ofCost EndingunitAvailableunitGoods# of unitsfor SaleSoldper unit InventoryBeginning Inventory4739$1,8337539$ 2,925CO$39$ 312Purchases:Apr 07127$415,20747411,9270Jul 16197448,668197448.668Oct 06107454,815107$454,8150Total478$ 20,523426Sales revenueGross profit