popeyes2510 popeyes2510
  • 02-05-2024
  • Business
Answered

Lucent Technology maintains a gross margin of 40% on all of its merchandise. In April the company had a beginning inventory of $518,700, net purchases of $316,400, and net sales of $754,400. Use the gross profit method to estimate the cost of ending inventory as of March 31.
a. $231,580
b. $301,760
c. $307,020
d. $382,460



Answer :

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