Question
Ben needs to calculate the gross profit. The cost of goods is 45800 and revenue is 68500. But, the physical count of the inventory indicates
Ben needs to calculate the gross profit. The cost of goods is 45800 and revenue is 68500. But, the physical count of the inventory indicates the amount on hand is $5450
when l calculate it the amount shows the following 68500 subtracted from 40350 = which amounts to $28150. is this correct, please show the calculates
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
