Filmore Enterprises
The following information is from Filmore's 2012 accounting records.
$\begin{array}{ll}
\text { Sales } & \$ 182,000 \
\text { Beginning inventory } & 28,000 \
\text { Purchases } & 126,500 \
\text { Grossprofit percentage } & 40 \%
\end{array}$
-Refer to the information provided for Filmore Enterprises. Using the gross profit method, estimate Filmore's ending inventory at year end.
A) $41,600
B) $53,700
C) $72,800
D) $46,100

Question

Filmore Enterprises 
The following information is from Filmore's 2012 accounting records.
$\begin{array}{ll}
\text { Sales } & \$ 182,000 \
\text { Beginning inventory } & 28,000 \
\text { Purchases } & 126,500 \
\text { Grossprofit percentage } & 40 \%
\end{array}$ 
-Refer to the information provided for Filmore Enterprises. Using the gross profit method, estimate Filmore's ending inventory at year end.
A) $41,600
B) $53,700
C) $72,800
D) $46,100

Quizplus · Accepted Answer

The Answer of Filmore Enterprises 
The following information is from Filmore's 2012 accounting records.
$\begin{array}{ll}
\text { Sales } & \$ 182,000 \
\text { Beginning inventory } & 28,000 \
\text { Purchases } & 126,500 \
\text { Grossprofit percentage } & 40 \%
\end{array}$ 
-Refer to the information provided for Filmore Enterprises. Using the gross profit method, estimate Filmore's ending inventory at year end.
A) $41,600
B) $53,700
C) $72,800
D) $46,100

Filmore Enterprises the Following Information Is from Filmore's 2012

Filmore Enterprises
the Following Information Is from Filmore's 2012