The following note was contained in a recent Visions Motor Company annual report: About one-third of inventories were determined under the last-in, first-out method. Required: 1. What amount of ending inventory would have been reported in the current yeor if Vistons hod used only FIFO? 2. The cost of goods sold reported by Visions Motor Company for the current yeor was $127.149 million. Determine the cost of goods sold that would have been reported if Visions had used only FIFO for both years. 3. To lower the cash outilows for taxes, which of the following should the Visions Motor management choose to use for certain of its inventories when the costs are rising? Complete this question by entering your answers in the tabs below. What amount of ending inventory would have been reported in the current yeor if visions had used only fifo? Note: Enter your answer in millions. The following note was contained in a recent Visions Motor Company annual report: About one-third of inventories were determined under the last-in, first-out method Required: 1. What amount of ending inventory would have been reported in the current yoar if Visions had used only FIFO? 2. The cost of goods sold reported by Visions Motor Company for the current year was $127.149 million. Determine the cost of goods sold that would have been reported if Visions had used only FIFO for both years, 3. To lower the cash outflows for taxes, which of the following should the Visions Motor management choose to use for certain of its inventories when the costs are rising? Complete this question by entering your answers in the tabs below. The cost of goods sold reported by Visions Motor Company for the current year was $127,149 million. Determine the cost of goods sold that would have been reported if Visions had used only FiFo for both years. Note: Enter your answer in millions The following note was contained in a recent Visions Motor Company annual report: About one-third of inventories were determined under the last-in, first-out method Required: 1. What omount of ending inventory would have been reported in the current year if Visions had used only FIFO? 2. The cost of goods sold reported by Visions Motor Company for the current year was $127149 million. Dotermine the cost of goods sold that would hove been reported if Visions hod used only FiFO for both years 3. To lower the cash outflows for taxes, which of the following should the Visions Motor management choose to use for certoin of its Inventories when the costs ore rising? Complete this question by entering your answers in the tabs below. To lower the eash outflows for taxes, which of the following should the Visions Motor management cioose to use for certain of its inventonies when the costs are rising? Which of the following should the Visions management choose to use for certain of its inventones when the costs are ising