Mathematics, 19.01.2021 18:50 chivitogomez2400

Using the gross profit method, find the estimated ending inventory using the following data: January 1 inventory: 320 serving trays purchased at $1.50 per unit cost
April 1 inventory: 300 serving trays purchased at $1.10 per unit cost
July 1 inventory: 100 serving trays purchased at $2.00 per unit cost
The net sales value of serving trays is $998 and the gross profit on sales is 20%

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Using the gross profit method, find the estimated ending inventory using the following data: Januar...