AMaintains aparticular gym.55% ona gross murgain ofall it's training products. In April thegym hada beginning inventory of 142, 000 netPurchases of 202,000 and net sales of 433,000,to estimateUsegrass profit methodCost (in #1) of ending inventory?

Gross Profit Margin = 55% Beginning Inventory = 142,000 Net Purchases = 202,000 Net Sales = 433,000

Answered: ending inventory

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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