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only correct answers plz Carla Vista Corp had $1,180,000 of inventory at December 31,2024 , with purchases of $354,000 and sales of $826,000 in 2025
only correct answers plz
Carla Vista Corp had $1,180,000 of inventory at December 31,2024 , with purchases of $354,000 and sales of $826,000 in 2025 . Carla Vista Corp lost all but $118,000 of inventories due to a hurricane in 2025 . Using the gross profit method, calculate ending Inventory independently using the following assumptions: 1. Carla Vista's gross margin was 30% 2. Carla Vista mark up on cost was 20% 3. Carla Vista's cost of sales percentage was 60%Step by Step Solution
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