Question
A fire destroyed all ABC's merchandise inventory on October 1. On January 1 the balance in inventory was: 3362. From January 1-October 1 sales were
A fire destroyed all ABC's merchandise inventory on October 1.
On January 1 the balance in inventory was: 3362.
From January 1-October 1 sales were 33620 purchases were 28240.8
the mark up on cost was 38%
GPM: = 27.53
Estimated COGS of inventory destroyed is:_________
Estimated inventory destroyed: _________
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Management Control Systems Performance Measurement Evaluation And Incentives
Authors: Kenneth Merchant, Wim Van Der Stede
3rd Edition
0273737619, 978-0273737612
