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A fire destroyed all ABC's merchandise inventory on October 1. On January 1 the balance in inventory was: 3008. 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: 3008.
- From January 1-October 1
- sales were 18048
- purchases were 15521.28
- the mark up on cost was 40%
- The gross profit margin is :
- Estimated COGS of inventory destroyed is:
- Estimated inventory destroyed:
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Principles Of Auditing
Authors: A. Pandu
1st Edition
8189630822, 978-8189630829
