henryu0521 henryu0521
  • 01-06-2021
  • Business
contestada

A business had an inventory cost of $40,000 the last time it was counted.
Since then, it made $80,000 in purchases and sales of $110,000. Its gross
profit was 25%. What is its estimated inventory at cost using the gross pront
method?
O A. $37,500
B. $42,500
C. $35,000
D. $40,000

Respuesta :

LIYAH009
LIYAH009 LIYAH009
  • 01-06-2021
Answer is C. Hope I helped have a good day
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