The following is information from the books of Masters Light Corporation:

Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 45 percent on cost.
(2)Markup is 55 percent on sales.
(3)Markup is 20 percent on cost.
(4)Markup is 30 percent on sales.

Question

The following is information from the books of Masters Light Corporation:
  
Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 45 percent on cost.
(2)Markup is 55 percent on sales.
(3)Markup is 20 percent on cost.
(4)Markup is 30 percent on sales.

Quizplus · Accepted Answer

The Answer of The following is information from the books of Masters Light Corporation:
  
Using these data,estimate the cost of ending inventory for each situation below:
(1)Markup is 45 percent on cost.
(2)Markup is 55 percent on sales.
(3)Markup is 20 percent on cost.
(4)Markup is 30 percent on sales.

The Following Is Information from the Books of Masters Light