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Sauder Company reports goods available for sale

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Sauder Company reports goods available for sale 1 The inventory of Pedigo Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the year are obtained: Sales $165,000 Sales Returns and Allowances 5,000 Purchases 90,000 Freight-In 3,500 Purchase Returns and Allowances 4,000 Instructions Determine the merchandise lost by fire, assuming a beginning inventory of $60,000 and a gross profit rate of 40% on net sales. 2 Sauder Company reports goods available for sale at cost, $90,000. Beginning inventory at retail is $40,000 and goods purchased during the period at retail were $80,000. Sales for the period amounted to $88,000. Instructions Determine the estimated cost of the ending inventory using the retail inventory method. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Sauder Company reports goods available for sale

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