Question: i need help please Use the following information for questions 22-25. Dhahran Company uses the gross profit method to estimate inventory for monthly reporting purposes.

i need help please
i need help please Use the following information for questions 22-25. Dhahran

Use the following information for questions 22-25. Dhahran Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of January Inventory, January 1 160,000 Sales (gross) 1,000,000 Purchases (gross) 640,000 Sales returns 70,000 Freight-in 30,000 Purchases returns 30,000 Freight-out 30,000 22. Compute the Goods available for sales, assuming that the gross profit is 25% of sales. 818,000 $788,000. b. $800,000 c. $818,000 d. $830,000. a 23. Compute the cost of goods sold, assuming that the gross profit is 25% of sales. 818,000 a. 5675,000. b. $697,500 c. $800,000 d. 5830,000 24. Compute the estimated inventory at January 31, assuming that the gross profit is 25% of sales. 143,000 25. $74,000. 26. S120,500 c. S125.000 d. 580,000. 27. Compute the estimated inventory at January 31, assuming that the gross profit is 25% of cost 574,000 b. S120,500 c. $125,000 d. 580,000

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