Question
Based on the following data estimate the cost of ending merchandise inventory: Sales(net) $250,000 Estimated gross profit rate 25% Begininng merchandise inventory $9000 Purchases(net) $211,000
Based on the following data estimate the cost of ending merchandise inventory:
Sales(net) $250,000
Estimated gross profit rate 25%
Begininng merchandise inventory $9000
Purchases(net) $211,000
Merchandise Available for Sale $220,000
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Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
