Multiple Choice
A company had sales of $180,000 and cost of goods available for sale of $200,000 during August. If its gross profit margin is estimated to be 30%, the ending inventory value at August 31 is estimated to be
A) $20,000.
B) $60,000.
C) $74,000.
D) $54,000.
Correct Answer:
Verified
Correct Answer:
Verified
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