(Appendix B) Estimate inventory. (LO 9) Fantasy Games Inc. wants to estimate its ending inventory balance for...

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(Appendix B) Estimate inventory. (LO 9)

Fantasy Games Inc. wants to estimate its ending inventory balance for its quarterly financial statements for the first quarter of the year. Given the following, what is your best estimate?

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 05, 2024 01:06 AM

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(Appendix B) Estimate inventory. (LO 9) Fantasy Games Inc. wants to estimate its ending inventory balance for...

Question:

Beginning inventory $75,800 Net sales $92,500 Net purchases $50,500 Gross profit ratio 20%

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Financial Accounting

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