Question
At May 31, Brunet Company has net sales of $365,000and cost of goods available for sale of $280,000. Compute the estimated cost of the ending
At May 31, Brunet Company has net sales of $365,000and cost of goods available for sale of $280,000.
Compute the estimated cost of the ending inventory, assuming the gross profit rate is35%.
| Estimated cost of ending inventory | $ |
| Accounting
|
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
