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Business, 03.05.2021 14:20 oofoofoof1

A fire destroys all of the merchandise of Bonita Company on February 10, 2020. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2020 $396,800 Sales revenue to February 10, 2020 1,923,000 Purchases to February 10, 2020 1,212,460 Freight-in to February 10, 2020 65,070 Rate of gross profit on selling price 40% What is the approximate inventory on February 10, 2020

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A fire destroys all of the merchandise of Bonita Company on February 10, 2020. Presented below is in...

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