Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 23

Hirst Electrical Supplies maintains a gross margin of 58% on all of its merchandise. In June, the company had a beginning inventory of $468,500, net purchases of $88,600, and net sales of $127,700. Use the gross profit method to estimate the cost of ending inventory as of June 30.