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The Accountant for Rock Springs,Inc

Question 69

Multiple Choice

The accountant for Rock Springs,Inc.needs to estimate the ending inventory balance so that she can prepare quarterly financial statements.The accountant has gathered the following information: The accountant for Rock Springs,Inc.needs to estimate the ending inventory balance so that she can prepare quarterly financial statements.The accountant has gathered the following information: Use the gross profit method to estimate the cost of the ending inventory. A) $22,300,000 B) $18,800,000 C) $15,600,000 D) $16,800,000 Use the gross profit method to estimate the cost of the ending inventory.


A) $22,300,000
B) $18,800,000
C) $15,600,000
D) $16,800,000

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