Ask a Question

A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $381,900 Sales revenue to February 10, 2017 1,929,500 Purchases to February 1

Sale price $15.00 Regular price $30.00

A fire destroys all of the merchandise of Cheyenne Company on February
10, 2017. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2017
$381,900
Sales revenue to February 10, 2017
1,929,500
Purchases to February 10, 2017
1,130,430
Freight-in to February 10, 2017

59,110
Rate of gross profit on selling price
35%

What is the approximate inventory on February 10, 2017?

Inventory at February 10, 2017
$

Questions & Answers

Have a Question?

Be the first to ask a question about this.

Ask a Question