Question
Based upon the following data, estimate the cost of ending inventory using the gross profit method. Line Item Description Amount Sales $807,000 Estimated gross profit
Based upon the following data, estimate the cost of ending inventory using the gross profit method. Line Item Description Amount Sales $807,000 Estimated gross profit rate 36% Line Item Description Amount Beginning inventory $65,200 Purchases (net) 683,700 Merchandise available for sale $748,900 Cost of ending inventoryfill in the blank 1 of 1$
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
