Given the following information for Bonnie Bunny Company:
$\begin{array}{ll}
\$ 650 & \text { Freight-in } \
12,550 & \text { Purchases } \
300 & \text { Sales returns } \
1,950 & \text { Beginning inventory } \
23,450 & \text { Sales } \
45 \% & \text { Gross profit on sales }
\end{array}$
Calculate ending inventory of Bonnie Bunny using the gross profit method.

Question

Given the following information for Bonnie Bunny Company: 
$\begin{array}{ll}
\$ 650 & \text { Freight-in } \
12,550 & \text { Purchases } \
300 & \text { Sales returns } \
1,950 & \text { Beginning inventory } \
23,450 & \text { Sales } \
45 \% & \text { Gross profit on sales }
\end{array}$
 Calculate ending inventory of Bonnie Bunny using the gross profit method.

Quizplus · Accepted Answer

The Answer of Given the following information for Bonnie Bunny Company: 
$\begin{array}{ll}
\$ 650 & \text { Freight-in } \
12,550 & \text { Purchases } \
300 & \text { Sales returns } \
1,950 & \text { Beginning inventory } \
23,450 & \text { Sales } \
45 \% & \text { Gross profit on sales }
\end{array}$
 Calculate ending inventory of Bonnie Bunny using the gross profit method.

Given the Following Information for Bonnie Bunny Company Calculate Ending Inventory of Bonnie Bunny Using the Gross Profit