Given the following information for Bonnie Company: $\begin{array}{ll}
\text { Freight-in } & \$ 400 \
\text { Purchases } & 10,050 \
\text { Sales returns } & 100 \
\text { Beginning inventory } & 1,750 \
\text { Sales } & 13,450 \
\text { Grossprofit on sales } & 20 \%
\end{array}$ Calculate ending inventory of Bonnie using the gross profit method.

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The Answer of Given the following information for Bonnie Company: $\begin{array}{ll}
\text { Freight-in } & \$ 400 \
\text { Purchases } & 10,050 \
\text { Sales returns } & 100 \
\text { Beginning inventory } & 1,750 \
\text { Sales } & 13,450 \
\text { Grossprofit on sales } & 20 \%
\end{array}$ Calculate ending inventory of Bonnie using the gross profit method.

Given the Following Information for Bonnie Company Calculate Ending Inventory of Bonnie Using the Gross Profit Method