Juan works for a college that offers correspondence courses. She works in the mailroom department stuffing envelopes with the re
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Answer:
Ending inventory will be $108925
Explanation:
We have to find the estimated ending inventory
It is given by
Estimated ending inventory = Cost of Goods available for sale - Cost of Goods Sold
Cost of Goods available for sale = $155,000+$467,300 = $622,300
Cost of Goods Sold = Sales - Gross profit =
So ending inventory = $622300 - $513375 = $108925
So ending inventory will be $108925