Business, 06.10.2019 03:30 alwayspouty6438

On march 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. the following information is available: beginning inventory, january 1: $4200 net sales: $42,000 net purchases: $43,000 the company's gross margin ratio is 15%. using the gross profit method, the cost of goods sold would be:

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On march 31 a company needed to estimate its ending inventory to prepare its first quarter financial...