Sheila’s company uses retail inventory method to estimate their ending inventory. For year 2015, here is the details for the company.     Cost Retail Beginning Inventory USD 76, 000 USD 138, 000 Purchases USD 290, 000 USD 510, 600 Ending Inventory ? USD 152, 000   What is the net sales for year 2015? What is the estimated COGS of Sheila’s company.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sheila’s company uses retail inventory method to estimate their ending inventory. For year 2015, here is the details for the company.

 

 

Cost

Retail

Beginning Inventory

USD 76, 000

USD 138, 000

Purchases

USD 290, 000

USD 510, 600

Ending Inventory

?

USD 152, 000

 

What is the net sales for year 2015? What is the estimated COGS of Sheila’s company.

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