The following data relate to the records of Mandalay Corp.for the month of September:

Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 50 percent on cost.
(2)Markup is 60 percent on sales.
(3)Markup is 25 percent on cost.
(4)Markup is 40 percent on sales.

Question

The following data relate to the records of Mandalay Corp.for the month of September:
  
Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 50 percent on cost.
(2)Markup is 60 percent on sales.
(3)Markup is 25 percent on cost.
(4)Markup is 40 percent on sales.

Quizplus · Accepted Answer

The Answer of The following data relate to the records of Mandalay Corp.for the month of September:
  
Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 50 percent on cost.
(2)Markup is 60 percent on sales.
(3)Markup is 25 percent on cost.
(4)Markup is 40 percent on sales.

The Following Data Relate to the Records of Mandalay Corp