During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 49 $ 41 $ 2,009 Apr. 7 Purchase 129 43 5,547 Jul. 16 Purchase 199 46 9,154 Oct. 6 Purchase 109 47 5,123 486 $ 21,833 For the entire year, the company sells 428 units of inventory for $59 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.