Crystal Aquarium Supplies had the following beginning inventory, net purchases, net sales, and gross profit percentage for

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Crystal Aquarium Supplies had the following beginning inventory, net purchases, net sales, and gross profit percentage for the first quarter of 2016:

By the gross profit method, the ending inventory should be

a. $110,600.

b. $129,000

c. $55,400.

d. $73,600.

Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Posted Date: Mar 30, 2020 03:58 AM

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Crystal Aquarium Supplies had the following beginning inventory, net purchases, net sales, and gross profit percentage for

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Financial Accounting

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