At May 31, Wu Company (a Chinese company) has net sales of Y330,000 and cost of goods

Question:

At May 31, Wu Company (a Chinese company) has net sales of Y330,000 and cost of goods available for sale Y230,000. Compute the estimated cost of the , assuming the gross profit rate is 35%.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...