Question
. Answer the questions below based on the following data: Purchases $160,000 Beginning inventory 32,000 Ending inventory 48,000 (a) What amount of sales would produce
. Answer the questions below based on the following data:
| Purchases | $160,000 |
| Beginning inventory | 32,000 |
| Ending inventory | 48,000 |
(a) What amount of sales would produce a gross margin of 35 percent based on cost of goods sold?
(b) What amount of sales would produce a gross margin of 40 percent based on sales?
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New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance
Authors: Mohammed Sakhawat Hossain
1st Edition
3639194454, 978-3639194456
