Business, 12.04.2021 21:00 TH3L0N3W0LF

Berta Company recently lost its entire inventory in a fire. The following information is available from its accounting records: Beginning inventory: $1,000; purchases: $13,000; net sales: $20,000. The company's average gross profit percentage is 40%. Using the gross profit method, a reasonable estimate of cost of goods sold for this past period would be Multiple choice question. $12,000. $6,400. $8,000.

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Berta Company recently lost its entire inventory in a fire. The following information is available f...

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