Estimate the value of ending inventory , assuming the following data: Cost of goods available for sale.........

Question:

Estimate the value of , assuming the following data:
Cost of goods available for sale......... $ 180,000
Sales ........................................................ 160,000
Gross margin ( on sales) ............................ 30%

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...