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The following information is available for October for Sunland Company. (Round answers to decimal places, e.g. 5,275.) $460000 Beginning inventory 1320000 Net purchases 2640000 Net
The following information is available for October for Sunland Company. (Round answers to decimal places, e.g. 5,275.) $460000 Beginning inventory 1320000 Net purchases 2640000 Net sales Percentage markup on cost 66,67% A fire destroyed Sunland's October 31 inventory, leaving undamaged inventory with a cost of $27000. Using the gross profit method, the estimated ending inventory destroyed by fire is $860000 $704000 $169000. $677000
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