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Susan Florists Had the Following Account Balances at the End

Question 70

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Susan Florists had the following account balances at the end of the current accounting period: Susan Florists had the following account balances at the end of the current accounting period: A normal gross profit percent is 30%. What is the estimated ending inventory as per the gross profit method? A) $100,890 B) $28,110 C) $63,410 D) $65,590 A normal gross profit percent is 30%. What is the estimated ending inventory as per the gross profit method?


A) $100,890
B) $28,110
C) $63,410
D) $65,590

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