Question
The following information is available for Gamma Corp. for its most recent month of operation: Beginning balance of inventory $8,025 Gross profit $19,900 Inventory purchases
The following information is available for Gamma Corp. for its most recent month of operation:
Beginning balance of inventory $8,025
Gross profit $19,900
Inventory purchases $16,050
Sales revenue $32,100
What was the ending balance of inventory for Gamma Corp.?
Multiple Choice
-
3,850.
-
7,700.
-
11,875.
-
6,100.
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
