Question
The following inventory-related information is for WynneCorp. Year 1 Year 2 Sales $600,000 $700,000 Inventory purchases $420,000 $500,000 Beginning inventory $100,000 ????? Gross profit percentage
The following inventory-related information is for WynneCorp.
Year 1 Year 2
Sales $600,000 $700,000
Inventory purchases $420,000 $500,000
Beginning inventory $100,000 ?????
Gross profit percentage (Gross profit Sales) 48% 35%
Compute ending inventory for Year 1 and for Year 2. Write the dollar amount of each answer. (Do not write a dollar sign).
Year 1 Ending Inventory :
Year 2 Ending Inventory:
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Healthcare Fraud Auditing And Detection Guide
Authors: Rebecca S. Busch
2nd Edition
978-1118179802
