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Science-Related Homework Help Mathematics Topic started by: onlineerica on Mar 21, 2023



Title: Finished FurnitureFinished Furniture had a beginning inventory of $110,000 at cost. During the ...
Post by: onlineerica on Mar 21, 2023
Finished Furniture

Finished Furniture had a beginning inventory of $110,000 at cost. During the month, Finished purchased and received $60,000 in goods and had net sales of $150,000. Throughout the month, Finished Furniture maintained a 40% markup on all sales.


Refer to Finished Furniture. Compute the ending inventory at cost.


Title: Re: Finished FurnitureFinished Furniture had a beginning inventory of $110,000 at cost. During the ...
Post by: jay2013 on Mar 21, 2023
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Title: Re: Finished FurnitureFinished Furniture had a beginning inventory of $110,000 at cost. During the .
Post by: bio_man on Mar 27, 2023
I have the same problem, except: Compute the cost of goods sold. Here's how I did it: