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Review the Tableau visualization, and then answer the questions that follow. Sort Monthly Purchases By: First In Last In Monthly Purchases Actual Units Sold and

Review the Tableau visualization, and then answer the questions that follow.
Sort Monthly Purchases By:
First In
Last In
Monthly Purchases
Actual Units Sold and On Hand
View on Tableau Public
Daily Sales Revenue 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)
Note: Round your answers to the nearest whole dollar.
Cost of goods sold
Ending inventory 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. Complete this question by entering your answers in the tabs below.
Using the LIFO assumption, calculate cost of goods sold and the cost of ending inventory. (Hint: this calculation is made easier
by re-sorting monthly purchases and using the Running Sum columns)
Note: Round your answers to the nearest whole dollar.
1Complete 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 dollar.
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