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The Following Information Is Available for the Becca Company for the Three

Question 23

Multiple Choice

The following information is available for the Becca Company for the three months ended June 30 of this year:
The following information is available for the Becca Company for the three months ended June 30 of this year: The gross margin was 25 percent of sales. What is the estimated inventory balance at June 30? A) $880,000 B) $933,000 C) $1,200,000 D) $1,500,000
The gross margin was 25 percent of sales. What is the estimated inventory balance at June 30?


A) $880,000
B) $933,000
C) $1,200,000
D) $1,500,000

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