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On January 1 , a company begins the year with 4,000 units of inventory with a unit cost of $25. The company makes purchases at

image text in transcribed On January 1 , a company begins the year with 4,000 units of inventory with a unit cost of $25. The company makes purchases at the end of each month based on expected units to be sold in the following month relative to current units on hand. Required: Complete this question by entering your answers in the tabs below. What amount would be reported for sales revenue and gross profit for the year under FIFO? Note: Round your answers to the nearest whole dollar

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