The following data are for steves candy store for january
Problem
The following data are for Steve's Candy Store for January:
Beginning inventory $201,000 Net sales revenue $600,000
Net purchases $500,000 Normal gross profit rate 30%
What is the company's estimated ending inventory for the month?
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problemthe following data are for steves candy store for januarybeginning inventory 201000 net sales revenue 600000net
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