Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $
1 answer:
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1)The estimated ending inventory is $48,236
2)The estimated ending inventory is $72,000
Explanation:
1)For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.
The estimated ending inventory is $48,236
2)
For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.
The estimated ending inventory is $72,000
