For calendar 2014, cost of goods available for sale for Scarlett Corp.was $870,000.The average gross profit rate was 40%.Sales for the year were $700,000.What is the estimated dollar value of the inventory at December 31? Inventory 8 - 29
A) $450,000
B) $420,000
C) $170,000
D) $68,000
Correct Answer:
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