company's beginning inventory is $ $35$ comma $000$$$35,000,$ net purchases total $$345,000,$ and net sales are $$700,000.$ With a normal gross profit rate of $\mathrm{}70\%$ of sales $($cost of goods sold $=3030\%),$ how much is ending inventory? 

Answer rating: 100% (QA)

Certainly lets calculate the ending inventory for the comp... View the full answer