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During the year, TRC

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
# of units
Cost per
Goods
# of units
Cost per
Cost of
Cost Ending
unit
Available
unit
Goods
# of units
for Sale
Sold
per unit Inventory
Beginning Inventory
47
39
$
1,833
75
39
$ 2,925
CO
$
39
$ 312
Purchases:
Apr 07
127
$
41
5,207
47
41
1,927
0
Jul 16
197
44
8,668
197
44
8.668
Oct 06
107
45
4,815
107
$
45
4,815
0
Total
478
$ 20,523
426
Sales revenue
Gross profitFinancial Accounting