Business
Business, 15.04.2020 04:49, brainlord4209

The net sales for Windmill Boatworks from January 1 until June 30 amount to $460,000. Gross profit has historically been 30% of net sales. Goods available for sale from January 1 until June 30 amount to $400,000. What is the estimated cost of the inventory on June 30 based on the gross profit method

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The net sales for Windmill Boatworks from January 1 until June 30 amount to $460,000. Gross profit h...

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