How you reached your answer. Was advised by professor to review inventory in retail environment.
Paper instructions:
Use standard essay format for response to questions; MUST HAVE an introduction, middle paragraphs, and conclusion indicated. Use standard font, i.e. Times New Roman an 12 point type size …..
The rest of information for essay , I couldn’t put above due space
Beginning inventory April1 $2,000
Purchases for April $12,000
Retail sales during April $13,000
Normal gross profit average 40 percent