Multiple Choice
For 2010, cost of goods available for sale for Volker Corporation was $870,000.The gross profit rate was 40%.Sales for the year were $600,000.What was the amount of the ending inventory?
A) $260,000.
B) $320,000.
C) $0.
D) $510,000.
Correct Answer:
Verified
Correct Answer:
Verified
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