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Homework Answers
Sales = 995,636
Gross profit = 40%
= 995,636 x 40%
= $398,254
Cost of goods sold = Sales - Gross profit
= 995,636-398,254
= $597,382
Cost of goods available for sales = Beginning inventory + Purchase
= 208,592+856,053
= 1,064,645
Cost of ending inventory = Cost of goods available for sales - Cost of goods sold
= 1,064,645-597,382
= $467,263
Correct option is a.
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Wake Ltd.'s...
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solve. thank you
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please show all steps so I can fully understand how to
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