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A companys beginning inventory is $160,000 its net purchases are $290,000 and its net sales total $430,000 its normal gross profit percentage is 30% of
A companys beginning inventory is $160,000 its net purchases are $290,000 and its net sales total $430,000 its normal gross profit percentage is 30% of sales. Using the gross profit method. How much is the ending inventory?
A. 149,000
B. 140,000
C. 129,000
D. 171,000
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
