Question
Inventory was replinished before year end.during the year inventory was priced to yield a 70% gross margin. Inventory is 30000, How to calculate record replinish
Inventory was replinished before year end.during the year inventory was priced to yield a 70% gross margin.
Inventory is 30000, How to calculate record replinish inventory which is $11000. I am not able to understand how did the answer 11000 came. I am working on Double G Western Wear case? how Accured Expense 5000 was calculated when operating expense were 28000?
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
