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Pls I needs help with that pls Financial Accounting(Turck) (9)SupEx(invenf 18) docs C2) GR OSS PROFIT PERCENTAGE METHOD (CONTINUED) lark-up on Cost percent-to-Gross Profit percent)
Pls I needs help with that pls
Financial Accounting(Turck) (9)SupEx(invenf 18) docs C2) GR OSS PROFIT PERCENTAGE METHOD (CONTINUED) lark-up on Cost percent-to-Gross Profit percent") mber Company handies three principal lines of merchandise with these varyn markup on cost: ot Hardware and fittings 40% On August 18, a fire destroyed all the lumber, millwork and even the hardware a report of loss for insurance purposes, the company must determine the cost viuies on-hand immediately preceding the fire. No detail or perpetual inventory recor maintained. The only pertinent informatio 30% = and fittings. To fle inventories general ledger, which was kept in a fireproof vault and thus escaped destrleding the fire. Required: Submit your estimate of the inventory amounts immedia Show your work. Round percentage ds of any kind were n you are able to obtain are the following facts from the Inventory. Jan 1, 2016 Purchases to Aug. 18, 2016 Sales to Aug. 18, 2016 S250,000 1,500,000 $ 90,000 375,000 533,000 S 45,000 160,000 210,000 2,080,000 s 55.080 CkFig orStep by Step Solution
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