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I need the answer as soon as possible Please. And I will Give Upvote Ex// the following information appeared in the records of company :
I need the answer as soon as possible Please. And I will Give Upvote
Ex// the following information appeared in the records of company : The sales The year ended The period ending on 12/31/2019 06/30/2020 Statement on the 550000 laminate Inventory at the 190500 beginning of the period Purchases 321750 m.inbound 45000 transportation Returns purchases 11000 Discount purchases 9000 Last-term stocks 160500 m.sale 75000 M.admintistrative 50000 Required: Estimating the cost of inventory at the end of the period for the period ending on 6/30/2020 according to the gross profit method. I learned that the percentage of gross profit did not change from the previous year (2019) and that this stock was damaged due to the fire that occurred in the company on 6/2020 / 30 1 Ex// the following information appeared in the records of company : The sales The year ended The period ending on 12/31/2019 06/30/2020 Statement on the 550000 laminate Inventory at the 190500 beginning of the period Purchases 321750 m.inbound 45000 transportation Returns purchases 11000 Discount purchases 9000 Last-term stocks 160500 m.sale 75000 M.admintistrative 50000 Required: Estimating the cost of inventory at the end of the period for the period ending on 6/30/2020 according to the gross profit method. I learned that the percentage of gross profit did not change from the previous year (2019) and that this stock was damaged due to the fire that occurred in the company on 6/2020 / 30 1Step by Step Solution
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