Lolita Distributors Inc. has the following financial information: Beginning Inventory = $210,000 Net Purchases = $450,000 Net Sales = $820,000 Gross Profit Percentage = 28% What is Lolita Distributors Inc.'s estimated ending inventory? (Round your final answer to the nearest dollar.)

Lolita Distributors Inc. has the following financial information: Beginning Inventory = $210,000 Net Purchases = $450,000 Net Sales = $820,000 Gross Profit Percentage = 28% What is Lolita Distributors Inc.'s estimated ending inventory? (Round your final answer to the nearest dollar.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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Get correct answer this financial accounting question

Lolita Distributors Inc. has the following financial information:
Beginning Inventory = $210,000
Net Purchases = $450,000
Net Sales = $820,000
Gross Profit Percentage = 28%
What is Lolita Distributors Inc.'s estimated ending inventory? (Round
your final answer to the nearest dollar.)

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