If the estimated gross profit rate is 30 , what is the estimated cost of merchandise inventory on September 30 , based on the following data September 1st Merchandise inventory (at cost) $125,000 September 1 30 Purchases, net (at cost) 300,000 September 1 30 Sales 150,000 ...

i Inventory is a valuable asset for any company It is t ...

If the estimated gross profit rate is 30%, what is the estimated cost of merchandise inventory on

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If the estimated gross profit rate is 30%, what is the estimated cost of merchandise inventory on September 30, based on the following data?

September 1st	Merchandise inventory (at cost)	$125,000
September 1-30	Purchases, net (at cost)	300,000
September 1-30	Sales	150,000

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Posted Date: May 23, 2023 05:51 AM

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