The chart shows facts related to professional interpreters. To enter this field, a worker would be required to have earned a deg
ree from a four-year college at least. received on-the-job training for several weeks only. received on-the-job training for several months only. earned technical training from a vocational school.
2 answers:
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Answer:
Terry's Closing Inventory is $131,360.
Terry's Gross profit is $431,360.
We follow these steps to arrive at the answers:
<u>1. Calculate the base value of closing inventory (CI):</u>
<u>2. Calculate additions to inventory at base price</u>
<u>3. Calculate the value of additions to inventory at current prices</u>
<u>4. Calculate the value of Closing inventory</u>
<u>5. Compute Cost of Goods Sold (COGS):</u>
<u>6. Compute Gross profit</u>