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The Following Information Is Available for the Crystal Company for the Three

Question 32

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The following information is available for the Crystal Company for the three months ended June 30 of this year: The following information is available for the Crystal Company for the three months ended June 30 of this year: The gross margin was 25 percent of sales.What is the estimated inventory balance at June 30? A) $880,000 B) $933,000 C) $1,200,000 D) $1,500,000 The gross margin was 25 percent of sales.What is the estimated inventory balance at June 30?


A) $880,000
B) $933,000
C) $1,200,000
D) $1,500,000

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