Fortune company had sales during july 20x3 of $29,000. during the month, the company had purchases of $17,000. at july 1, 20x3, the company had inventory of $4,500. assuming the company has a gross profit percentage of 40%, what is the estimated ending inventory for fortune company at july 31, 20x3?
Answers: 2
Another question on Business
Business, 22.06.2019 12:10
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 22.06.2019 13:30
If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?
Answers: 2
Business, 22.06.2019 18:00
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
Business, 22.06.2019 20:20
Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste
Answers: 2
You know the right answer?
Fortune company had sales during july 20x3 of $29,000. during the month, the company had purchases o...
Questions
Computers and Technology, 12.11.2019 06:31
Business, 12.11.2019 06:31
History, 12.11.2019 06:31
History, 12.11.2019 06:31
Mathematics, 12.11.2019 06:31
English, 12.11.2019 06:31
Physics, 12.11.2019 06:31
Mathematics, 12.11.2019 06:31
History, 12.11.2019 06:31
