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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 19
Omni Fitness Equipment, Inc., maintains a gross margin of 55% on all its weight training products. In April, Omni had a beginning inventory of $146,000, net purchases of $208,000, and net sales of $437,000. Use the gross profit method to estimate the cost of ending inventory.
Explanation
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Given:
OFE maintains a gross margin of ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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