Business, 10.05.2021 22:10 marbuigues4675

Wildhorse, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 30%. The following account balances are available: Inventory, March 1 $547000 Purchases 427000 Purchase returns 17000 Sales during March 741000 The estimate of the cost of inventory at March 31 would be

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Wildhorse, Inc. estimates the cost of its physical inventory at March 31 for use in an interim finan...