Bruno St. Felix owns a women's shoe company located in downtown Charlottetown, PEI. On March 31,...
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Bruno St. Felix owns a women's shoe company located in downtown Charlottetown, PEI. On March 31, 2019, the company posts the following results: First quarter X: March 31, 2019 Purchase price Freight Customs Volume discount Duties Sales Gross profit percentage Ending inventory = $5,200 11 11 |||||| $200,000 Instructions Calculate the beginning inventory for March 31, 2019. $17,175 $998 $4,500 $750,000 35% $350,000 Bruno St. Felix owns a women's shoe company located in downtown Charlottetown, PEI. On March 31, 2019, the company posts the following results: First quarter X: March 31, 2019 Purchase price Freight Customs Volume discount Duties Sales Gross profit percentage Ending inventory = $5,200 11 11 |||||| $200,000 Instructions Calculate the beginning inventory for March 31, 2019. $17,175 $998 $4,500 $750,000 35% $350,000
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Cost of Beginning Inventory Cost of Goods Sold Ending Inventory Balance Cost of Purchases Cost ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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