thank you. ### Inventory Transactions and LIFO Calculation**Required Information**Glasgow Corporation has the following inventory transactions during the year:| Date | Transaction | Number of Units | Cost per Unit | Total Cost ||------------|-----------------------|-----------------|---------------|------------|| Apr. 1 | Beginning Inventory | 56 | $48 | $2,688 || Apr. 7 | Purchase | 156 | $48 | $7,488 || Jul. 15 | Purchase | 216 | $51 | $11,016 || Oct. 5 | Purchase | 116 | $54 | $6,264 || | Total | 544 | | $27,456 |For the entire year, the company sells 442 units of inventory for $68 each.### LIFO (Last In, First Out) CalculationUnder LIFO, calculate the ending inventory, cost of goods sold, sales revenue, and gross profit.#### Cost of Goods Available for Sale| Date | Number of Units | Cost per Unit | Goods Available for Sale ||------------|-----------------|---------------|---------------------------|| Beginning Inventory | 56 | $48 | || Apr. 7 | 156 | $48 | || Jul. 15 | 216 | $51 | || Oct. 5 | 116 | $54 | || Total | 0 | 0 | |#### Cost of Goods Sold and Ending Inventory| Date | Number of Units Sold | Cost per Unit | Cost of Goods Sold | Ending Inventory (units) | Cost per Unit | Ending Inventory (value) ||------------|----------------------|---------------|--------------------|--------------------------|---------------|--------------------------|| | | | | | | |### Financial Calculations- **Sales Revenue**: Calculate the total revenue by multiplying the units sold (442) by the selling price per unit ($68).- **Gross Profit**: Determine the gross profit by subtracting the Cost of Goods Sold from the Sales Revenue.

Ginagow Corporetion hes the following inventory transections during the yesr. Dute Traaction Nater of its Cost Tetal Cost S2, Jan. 1 gimin inntary Apr. 7 rchae Jul.1 Purchae sa a, 6,264 act. Prchae For the entire yee the company selis 442 unts of inventory for S66 ench. 2 Using LIFO, calculeste ending inventory. cost of goods sold, snies revenue, and gross proft. LIFO Cost of Ooods Avallabie for tale Cost of Ooods loid Ending inventory Cost of Ooods Avalabie for taie Cost of of unts Cost per unit Cost per unt doods Bold of unite Cost Ending per unt inventon of units Begining Invertory Puchases Apr or Oct O Tokal Sales revenue Gross prott