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The following data is from Netflicks Company for the year. Sales revenue $108,000 Beginning inventory 14,400 Purchases 72,000 For each separate case a through e,
The following data is from Netflicks Company for the year. Sales revenue $108,000 Beginning inventory 14,400 Purchases 72,000 For each separate case a through e, estimate ending inventory. Note: Carry all decimals in calculations; round the final answer to the nearest dollar. 0 X a. Markup is 33.3% on cost. $ 68,386 x b. Markup is 60% on sales. $ c. Markup is 25% on cost. d. Markup is 40% on sales. $ 0X e. Markup is 37% on cost. $ $ 0 TA 0 X Check
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