Songbird Company has sales of $150,000 and cost of goods available for sale of S 135.000. If

Question:

Songbird Company has sales of $150,000 and cost of goods available for sale of S 135.000. If the gross profit rate is 30%. the estimated cost of the ending inventory under the gross profit method is:

a. $15,000.

h. $30,000.

c. $45,000.

d. $-5,000.

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