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please help with part b Bramble Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the
please help with part b
Bramble Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. (a) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of sales. The estimated inventory at May 31 Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost. (Round peroentoge of sales to 2 decimal ploces, es. 78.74% and final answer to 0 decimal ploces, es. 6.225. The estimated inventory at May 31 $ Step by Step Solution
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