Nicki's Pet Supply needs to estimate its ending inventory.Using the data below,compute Nicki's estimated cost of ending inventory for the month of April.
$$\begin{array} { l l }
\text { Beginuning inventory April } 1 & \$ 6,000 \
\text { Purchases for April } & 10,000 \
\text { Retail sales during April } & 15,000
\end{array}$$
Normal gross profit average 30%

Question

Nicki's Pet Supply needs to estimate its ending inventory.Using the data below,compute Nicki's estimated cost of ending inventory for the month of April.
 $$\begin{array} { l l } 
\text { Beginuning inventory April } 1 & \$ 6,000 \
\text { Purchases for April } & 10,000 \
\text { Retail sales during April } & 15,000
\end{array}$$ 
Normal gross profit average 30%

Quizplus · Accepted Answer

The Answer of Nicki's Pet Supply needs to estimate its ending inventory.Using the data below,compute Nicki's estimated cost of ending inventory for the month of April.
 $$\begin{array} { l l } 
\text { Beginuning inventory April } 1 & \$ 6,000 \
\text { Purchases for April } & 10,000 \
\text { Retail sales during April } & 15,000
\end{array}$$ 
Normal gross profit average 30%

Nicki's Pet Supply Needs to Estimate Its Ending Inventory Normal Gross Profit Average 30