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Please help with Req 6: Using the weighted-average cost assumption, calculate cost of goods sold and the cost of ending inventory. Note: Round your answers
Please help with Req 6: Using the weighted-average cost assumption, calculate cost of goods sold and the cost of ending inventory.
Note: Round your answers to the nearest whole dollar.
EDIT: More info:
Unit Sold by Dec 31: 40712
On hand: 4048
EDIT:
Perpetual inventory system
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. Tableau Dashboard Activity 8-1 Calculate Sales Revenue, Cost of Goods Sold, and Gross Profit Review the Tableau visualization, and then answer the questions that follow. Sort Monthly Purchases By: First In Last In Required: Complete this question by entering your answers in the tabs below. Using the weighted-average cost assumption, calculate cost of goods sold and the cost of ending inventory. Note: Round your answers to the nearest whole dollarStep by Step Solution
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