Question: Given the data below for West Co., calculate the estimated ending inventory: Beginning Inventory $52423 Net Purchases $79640 Net Sales Revenue $82685 Gross Margin Rate
Given the data below for West Co., calculate the estimated ending inventory:
|
| Beginning Inventory | $52423 |
|
| Net Purchases | $79640 |
|
| Net Sales Revenue | $82685 |
|
| Gross Margin Rate | 32% |
Select one:
a. $105604
b. $29009
c. $75837
d. $158522
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