lordofdragons073 lordofdragons073

02-11-2022
Mathematics

Answered

On January 1, Randy Company had an inventory costing $95,000. During January, Randy had net purchases of $118,900. Over recent years, Randy’s gross profit in January has averaged 45% on sales. The company’s net sales in January were $210,800. Calculate the estimated cost of ending inventory using the gross profit method. (Round the "cost percentage value" to the neartest cent.)

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