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Title: Ronco Company has a gross profit on sales of 42%. On November 1, 2022, beginning inventory was ...
Post by: dcooper78 on Jan 14, 2024

Ronco Company has a gross profit on sales of 42%. On November 1, 2022, beginning inventory was $9,000. Net purchases for the month were $35,000. Assuming Ronco has retail sales of $60,000 in November, what is the estimated cost of ending inventory using the gross profit method?



Title: Re: Ronco Company has a gross profit on sales of 42%. On November 1, 2022, beginning inventory was ...
Post by: skysdalmts on Jan 14, 2024
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