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

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.