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Fofino [41]
2 years ago
15

Western Company recently lost its entire inventory in an earthquake. The following information is available from its accounting

records: Beginning Inventory: $5,000; Purchases: $18,000; Net Sales: $40,000;The company's average gross profit percentage is 40%. Using the gross profit method, a reasonable estimate of COGS for the past period would be:__________.1) $ 23,0002) $ 24,0003) $ 16,0004) $ 18,000
Business
1 answer:
harina [27]2 years ago
8 0

Answer: dont care

Explanation:

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