Question
1.Delta Merchandising, Inc., has provided the following information for the year just ended: Net sales $128,500 Beginning inventory $24,000 Purchases $80,000 Gross margin $89,950 What
1.Delta Merchandising, Inc., has provided the following information for the year just ended:
Net sales
$128,500
Beginning inventory
$24,000
Purchases
$80,000
Gross margin
$89,950
What was the ending inventory for the company at year-end?
a.$65,450.
b.$14,050.
c.$24,500.
d.$9,950.
_______
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Canadian Cases In Financial Accounting
Authors: Carol E. Dilworth, Joan E. D. Conrod
2nd Edition
256111405, 978-0256111408
