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Metlock Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Please make the three answers clear and
Metlock Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost.
Please make the three answers clear and bold please! If you could can you underline the answer by chance? Thanks so much, here's an example.
Lumber-$--------- Millwork-$--------- Hardware-$--------
Kinda like that sorry for being picky thanks again for the help!!!!!!!
Metlock Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber Millwork Hardware and fittings 25% 30% 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction. Lumber Millwork Hardware Inventory, Jan. 1, 2017 $246,700 $91,800 $45,200 Purchases to Aug. 18,2017 1,499,400 375,000 159,800 Sales to Aug. 18, 2017 2,085,500 509,600 226,800 Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computational purposes to 5 decimal places, eg 78.74265% and final answers to 0 decimal places, eg, 28,987) Lumber Millwork Hardware Inventory $ 17461046680020500Step by Step Solution
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