Company has sales revenue of $130,000 for the year. The gross margin percentage for this year was

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Company has sales revenue of $130,000 for the year. The gross margin percentage for this year was 20%. Company had beginning inventory of $10,000 and had inventory purchasesduring the year of $110,000

What is the amount of ending inventory?

Round any answer to the nearest dollar.

Related Book For answer-question

Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

Posted Date: May 03, 2024 06:12 AM

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Company has sales revenue of $130,000 for the year. The gross margin percentage for this year was

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To calculate the amount of ending inventory we need to consider the cos... View the full answer

Modern Advanced Accounting In Canada

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