If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A)$320,000
B)$192,500
C)$275,000
D)$105,000

Question

If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A)$320,000 
B)$192,500 
C)$275,000 
D)$105,000

Quizplus · Accepted Answer

The Answer of If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?

A)$320,000 
B)$192,500 
C)$275,000 
D)$105,000

If the Estimated Rate of Gross Profit Is 30%,what Is