A fire destroys all of the merchandise of Sweet Company
A fire destroys all of the merchandise of Sweet Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
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Inventory, January 1, 2017 $360,700
Sales revenue to February 10, 2017 1,889,600
Purchases to February 10, 2017 1,181,900
Freight-in to February 10, 2017 63,150
Rate of gross profit on selling price 30%
What is the approximate inventory on February 10, 2017?
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Inventory at February 10, 2017 $
Answers
Status NEW
Posted 11 Jul 2017 05:07 AM
My Price 5.00
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file 1499750417-Solutions file.docx preview (51 words )
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