Business, 07.07.2020 19:01 kinderc9330

Gross Profit MethodBased on the following data, estimate the cost of the ending merchandise inventory: Sales (net) $9,250,000 Estimated gross profit rate 36% Beginning merchandise inventory $180,000 Purchases (net) 5,945,000 Merchandise available for sale $6,125,000

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Gross Profit MethodBased on the following data, estimate the cost of the ending merchandise inventor...