About this document
Inventory Estimation Using Gross Profit by Victoria Cadiz is a document available to read on EtoBox.
The document provides information to calculate estimated ending inventory using two different gross profit rate assumptions: 1) Given a 30% gross profit rate on net sales, estimated ending inventory is $888,000. 2) Given a 49% gross profit rate on cost, estimated ending inventory is $974,000. 3) Additional information is provided on calculating estimated cost of sales and inventory using gross profit rates to estimate costs.
- Author
- Victoria Cadiz
- Language
- EN