The following information is available for the Williston Company for the month ended September 30:
$\begin{array}{lc}
\text { Inventory, September 1 } & \$ 600,000 \
\text { Purchases } & 2,250,000 \
\text { Freight In } & 150,000 \
\text { Sales } & 3,200,000
\end{array}$ The gross margin was 40 percent of sales. What is Williston's estimated inventory balance at September 30?

Question

The following information is available for the Williston Company for the month ended September 30:
 $\begin{array}{lc}
\text { Inventory, September 1 } & \$ 600,000 \
\text { Purchases } & 2,250,000 \
\text { Freight In } & 150,000 \
\text { Sales } & 3,200,000
\end{array}$ The gross margin was 40 percent of sales. What is Williston's estimated inventory balance at September 30?

Quizplus · Accepted Answer

The Answer of The following information is available for the Williston Company for the month ended September 30:
 $\begin{array}{lc}
\text { Inventory, September 1 } & \$ 600,000 \
\text { Purchases } & 2,250,000 \
\text { Freight In } & 150,000 \
\text { Sales } & 3,200,000
\end{array}$ The gross margin was 40 percent of sales. What is Williston's estimated inventory balance at September 30?

The Following Information Is Available for the Williston Company for the Month