Solution-Calculate the estimated cost of ending inventory

Calculate the estimated cost of ending inventory

Reference no: EM132922929

Question - On January 1, Randy Company had an inventory costing $95,000. During January, Randy had net purchases of $118,900. Over recent years, Randy's gross profit in January has averaged 45% on sales. The company's net sales in January were $210,800. Calculate the estimated cost of ending inventory using the gross profit method.

Reference no: EM132922929

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Calculate the estimated cost of ending inventory : The company's net sales in January were $210,800. Calculate the estimated cost of ending inventory using the gross profit method

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Calculate the estimated cost of ending inventory

Reference no: EM132922929

Reference no: EM132922929

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