Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
tacobeo tacobeo
wrote...
Go to Answer
Posts: 159
Rep: 4 0
7 months ago

Blue Company on January 1 had inventory costing $65,000; during January, net purchases were $119,000. Over recent years, Blue's gross profit has averaged 40% on sales. Assuming that the company has net sales of $190,000, calculate the estimated cost of ending inventory by using the gross profit method.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 43 times
1 Reply
Replies
Answer verified by a subject expert
mooltipasmooltipas
wrote...
#1
Donated
Posts: 132
Rep: 1 0
7 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tacobeo Author
wrote...

7 months ago
You make an excellent tutor!
vernonb
wrote...

Yesterday
This helped my grade so much Perfect
patod1
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1612 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 830
  
 140
  
 264
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Do you believe in global warming?