During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 57 $49 $2,793
pr. 7 Purchase 137 51 6,987
Jul. 16 Purchase 207 54 11,178
Oct. 6 Purchase 117 55 6,435
518 $27,393
For the entire year, the company sells 443 units of inventory for $67 each.
1. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
2. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
3. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

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answernaturalistic observation;

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