Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need help with the accounting formulas and answe

I need help with the accounting formulas and answers for this questions. ...

70.2K

Verified Solution

Question

Accounting

I need help with the accounting formulas and answers for this questions. image
Courtry Technology began the year with inventory of $299,000 and purchased $1,820,000 of goods during the year. Sales for the year are $3,887,500, and Country Technology's gross profit percentage is 60% of sales. Compute Country Technology's estimatod cost of ending inventory by using the gross profit method. First, calculate the cost of goods avallable. Then calculate the estimated cost of ending imventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Starting from the first and second law of thermodynamics, derive the fundamental equation for A in...

Chemistry
Q

In the image below a plasmid has been cut with restriction enzymes and a new...

Biology
Q

Question 6 Points 1 Which of these measures is not part of the Missouri Plan...

Biology
Q

Study the following list Which of the following is the correct order of the events...

Biology
Q

The expression 9 x 8 x 7 x 6 can be expressed as O a...

Basic Math
Q

Find the formula for the total distance traveled by an object with a velocity v...

Calculus
Q

W Shown below is the graph of a function Assume all critical points are within...

Algebra
Q

On January 1, 2017, Crane Corporation issued $670,000 of 9% bonds, due in 10 years....

Accounting
Q

Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000...

Accounting
Q

A company with fixed manufacturing costs of $500,000 produces 100,000 units in 2008 and 125,000...

Accounting
Q

Exercise 6-13 Variable Costing Income Statement; Reconciliation [LO2, LO3] Morey Company...

Accounting
Q

explain the analysis of ROE - 5 Way below: YEAR SALES EBIT...

Finance