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The Information Below Is Given for the Brunswick Corp Using This Information, Calculate the Following:
A)Goods Available for the Month

Question 66

Short Answer

The information below is given for the Brunswick Corp. for the month of June:  Beginning Inventory $165,000 Net Purchases $810,000 Net Sales $1,000,000 Gross Margin 30%\begin{array} { l l } \text { Beginning Inventory } & \$ 165,000 \\\text { Net Purchases } & \$ 810,000 \\\text { Net Sales } & \$ 1,000,000 \\\text { Gross Margin } & 30 \%\end{array} Using this information, calculate the following:
A)Goods available for sale: _________
B)Estimated cost of goods sold: _________
C)Estimated ending inventory: _________

Correct Answer:

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a.$975,000...

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