Business, 17.08.2019 22:10 st3ph

Crankberry corp. wants to estimate ending inventory as of march 31, 2019. the cost of inventory on hand as of january 1, 2019 was $75,000. the cost of purchases from january 1st through march 31st is $161,400. sales, which are made at 25% above cost, totaled $225,000 through march 31st. estimate the cost of crankberry's ending inventory as of march 31st using the gross profit method.

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Crankberry corp. wants to estimate ending inventory as of march 31, 2019. the cost of inventory on h...

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