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miamidolphinslv9736
16.03.2020 •
Business
Based on the following data, estimate the cost of the ending merchandise inventory:
Sales $9,250,000
Estimated gross profit rate 36%
Beginning merchandise inventory $ 180,000
Purchases (net) 5,945,000
Merchandise available for sale $6,125,000
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Ответ:
$205,000
Explanation:
Given that,
Sales = $9,250,000
Estimated gross profit rate = 36%
Beginning merchandise inventory = $180,000
Purchases (net) = $5,945,000
Merchandise available for sale = $6,125,000
Estimated cost of merchandise sold:
= Sales(net) - Gross profit
= $9,250,000 - (36% × $9,250,000)
= $9,250,000 - $3,330,000
= $5,920,000
Cost of Ending Merchandise Inventory:
= Merchandise available for sale - Estimated cost of merchandise sold
= $6,125,000 - $5,920,000
= $205,000
Ответ: