Business, 27.06.2020 20:01 mazolethrin2291

Based on the following data, estimate the cost of the ending merchandise inventory: Sales (net) $1,450,000
Estimated gross profit rate 42%
Beginning merchandise inventory $100,000
Purchases (net) 860,000
Merchandise available for sale $960,000
Cost of Ending Merchandise Inventory
Merchandise available for sale $
Less cost of merchandise sold
Estimated ending merchandise inventory $

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Based on the following data, estimate the cost of the ending merchandise inventory: Sales (net) $1,...

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