Question
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory,
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $5,900 Net sales: $88,000 Net purchases: $86,000 The company's gross margin ratio is 20%. Using the gross profit method, the estimated ending inventory value would be:
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Handbook Of Communication Audits For Organisations
Authors: Owen D.W. Hargie, Dennis Tourish
1st Edition
0415186420, 978-0415186421
