John H.

asked • 5d

# What is the Estimated Cost of Goods Sold? What is the Estimated Ending Inventory?

January 1... $190,000 January 1 through September 5 purchases (net)...$352,000

January 1 through September 5 sales (net)...\$685,000

Year 2015 estimated gross profit rate...44%

## 1 Expert Answer

By:

Scott M. answered • 4d

Effective Accounting Tutor

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