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QUESTION 9 8 points Saved On January 1, 2021, the merchandise inventory of Glaus, Inc. was $1,500,000. During 2021 Glaus purchased $3,000,000 of merchandise and
QUESTION 9 8 points Saved On January 1, 2021, the merchandise inventory of Glaus, Inc. was $1,500,000. During 2021 Glaus purchased $3,000,000 of merchandise and recorded sales of $5,000,000. The gross profit rate on these sales was 20% What is the merchandise inventory of Glaus at December 31, 2021? T T T Arial 3 (12pt) T-E- E.ES Path:p Words:D QUESTION 10 8 points Saved Karla Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 60 units that cost $30 per unit. During the current month, the company purchased 360 units at $40 each. Sales during the month totaled 770 units for $64 each. What is the number of units in the ending inventory? T T T Arial 3 (12pt) T-- E--ES Path:p Words:D
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