On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $4,200 Net sales: $71,000 Net purchases: $69,000 The company's gross margin ratio is 25%. Using the gross profit method, the estimated ending inventory value would be:

What would be the input, conversion and output of developing a new soft drink

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

In microeconomics, the point at which supply and demand meet is called the blank price