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Review the Tableau visualization, and then answer the questions that follow. Sort Monthly Purchases By: First in Last In tota +ab ou On January 1
Review the Tableau visualization, and then answer the questions that follow. Sort Monthly Purchases By: First in Last In tota +ab ou 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. Using the FIFO assumption, calculate cost of goods sold and the cost of ending inventory. (Hint: This calculation is made easier by using the Running Sum columns in Monthly Purchases) (Round your answers to the nearest whole dollar.) Review the Tableau visualization, and then answer the questions that follow. Sort Monthly Purchases By: First in Last In +ab 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. Using the FIFO assumption, calculate cost of goods sold and the cost of ending inventory. (Hint: This calculation is made easier by using the Running Sum columns in Monthly Purchases) (Round your answers to the nearest whole dollar.)
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