Mathematics, 19.10.2021 14:00 Guidomigoo3x
Hull Company reported the following income statement information for the current year: Sales $ 411,000 Cost of goods sold: Beginning inventory $ 133,000 Cost of goods purchased 274,000 Cost of goods available for sale 407,500 Ending inventory 145,000 Cost of goods sold 262,500 Gross profit $ 148,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $21,000. Given this information, the correct gross profit would be:
Answers: 2
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Hull Company reported the following income statement information for the current year: Sales $ 411,0...
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