Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to caluclte it ? Burt Company's accounting records indicated the following information: A physical inventory taken on December 31, 20x9, resulted in an ending
how to caluclte it ?
Burt Company's accounting records indicated the following information: A physical inventory taken on December 31, 20x9, resulted in an ending inventory of $324730. Burt's gross profit on sales has remained constant at 24% in recent years. Burt suspects some inventory may have been taken by a new employee. At December 31, 20x9, what is the estimated cost of the missing inventory Note that a negative number means that there is more inventory on hand than was anticipated. Select one: check The correct answer is:408488.08Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started