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US Ltd. Company shows that the net sale was 100000$, Beginning Inventory 20000$, Cost of goods purchased 60000$. The company realized a 30% as a
US Ltd. Company shows that the net sale was 100000$, Beginning Inventory 20000$, Cost of goods purchased 60000$. The company realized a 30% as a gross profit rate for the previous 3 years. If you know that the inventory were destroyed by fire. The Estimated Cost of Goods Sold is a. 10000 O b. 80000 O C. 70000 O d. 100000 The estimated cost ending inventory under gross profit method is oa. 10000 b. 30000 o c. 40000 O d. 20000
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