Business, 11.12.2019 17:31 poopybutt541

Whispering company lost most of its inventory in a fire in december just before the year-end physical inventory was taken. the corporation’s books disclosed the following. beginning inventory $172,400 sales revenue $671,100 purchases for the year 389,000 sales returns 23,900 purchase returns 28,600 rate of gross profit on net sales 30 % merchandise with a selling price of $20,100 remained undamaged after the fire. damaged merchandise with an original selling price of $15,200 had a net realizable value of $5,600.

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Whispering company lost most of its inventory in a fire in december just before the year-end physica...

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