Question: please help , I need the answer very fast , I only have 30 minutes Question 1 The following information is available for November 2018,
Question 1 The following information is available for November 2018, for Golden Company Beginning inventory $ 80,000 Purchases 300,000 Purchase return 20,000 Sales 500,000 Sales discount 50,000 Gross profit percentage of sales 25% Using the gross profit method the estimated ending inventory is OA $85,000 OB $50,000 $22,500 OD $30,000
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