Question
Sage Ltd. had the following results for the month of March. Sales $1,740,000 Cost of goods manufactured $1,009,200 Gross margin40% of sales Ending finished goods
Sage Ltd. had the following results for the month of March.
Sales $1,740,000
Cost of goods manufactured $1,009,200
Gross margin40% of sales
Ending finished goods inventory$189,000
Required:
What was the cost of finished goods inventory at the beginning of March?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
