Question
ABC Inc. uses the perpetual inventory system and has compiled the following data for the year Gross sales 364000 Sales returns and allowances 66000Opening inventory
ABC Inc. uses the perpetual inventory system and has compiled the following data for the year
Gross sales 364000
Sales returns and allowances 66000Opening inventory 62000
Ending inventory 27000
Purchases 53500
Purchase returns 7 600
Calculate the gross margin/profit on sales.
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Implementing Change With Clinical Audit
Authors: Richard W. Baker, Hilary M. Hearnshaw, Noelle Robertson
1st Edition
0471982571, 978-0471982579
