Question
Dillard's operates 308 department stores located in 29 states. In its annual report for the year ended 1/29/19, the company reported COGS of $3976 million,
Dillard's operates 308 department stores located in 29 states. In its annual report for the year ended 1/29/19, the company reported COGS of $3976 million, ending inventory for the current year of 1290 million and ending inventory for the previous year of 1301 million. Is it possible to develop a reasonable estimate of the purchases for the year? Calculate.
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College Accounting Chapters 1-26
Authors: Douglas J. McQuaig, Patricia A. Bille
6th Edition
0395796997, 978-0395796993
