Question: On 1 1 , Metro has a beginning inventory $ 4 0 , 0 0 0 . During January, net purchases amount to $ 2

On 11, Metro has a beginning inventory $40,000. During January, net purchases amount to $20,000 and net sales $30,000. Metro's normal gross profit rate is 30% of net sales. How much is estimated ending inventory and estimated COGS as of 131 under gross profit method?
On 11, Metro has a beginning inventory $40,000. During January, net

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