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Business, 20.12.2019 02:31 lukecoupland4401

Hardy company is a wholesale electronics distributor. on december 31, 2008, it prepared the following partial income statement: gross sales p600,400 sales discounts 400 net sales p600,000 cost of goods sold: beginning inventory p200,000 net purchases 300,000 given this information, if hardy company's gross margin is 30 percent of net sales, what is the correct ending inventory balance? a. p80,000 b. p120,000 c. p180,000 d. p500,000

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Hardy company is a wholesale electronics distributor. on december 31, 2008, it prepared the followin...
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