Susan's Salon maintains a gross margin of 58% on all of its merchandise. In April the company had a beginning inventory of $622,500, net purchases of $92,400, and net sales of $127,700. Use the gross profit method to estimate the cost of ending inventory as of April 30.

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The Answer of Susan's Salon maintains a gross margin of 58% on all of its merchandise. In April the company had a beginning inventory of $622,500, net purchases of $92,400, and net sales of $127,700. Use the gross profit method to estimate the cost of ending inventory as of April 30.

Susan's Salon Maintains a Gross Margin of 58% on All