Re: WhAt R U dOiNg RiTe NoW
this is the whole question…
Sales, Jan. 1 to Feb 10…$701200
net merchendise perchased jan.1 to feb 10…364800
*Additional information was determined from the 2010 annual report:
*income statment:
sales…6400450
cost of good sold…3521150
balance sheet:
Merchandise inventory…88200
Navarre was able to to salvage inventory with a cost of 212400
???estimateing ending inventory----gross profit method???