A particular gym maintains a gross margin of 55% on all its weight training products. In April, the gym had a beginning inventory of $144,000, net purchases of $204,000, and net sales of $435,000. Use the gross profit method to estimate the cost (in $) of ending inventory.

A particular gym maintains a gross margin of 55% on all its weight training products. In April, the gym had a beginning inventory of $144,000, net purchases of $204,000, and net sales of $435,000. Use the gross profit method to estimate the cost (in $) of ending inventory.

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Chapter4: Job Order Costing

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