Use the information below to answer the following question.
Pinkerton Ltd uses a perpetual control system for its inventory. It had the following data for a recent period:

If Pinkerton Ltd had employed the periodic inventory method, what would its gross profit have been?
A) $280 000
B) $300 000
C) $320 000
D) $440 000

Question

Use the information below to answer the following question.
Pinkerton Ltd uses a perpetual control system for its inventory. It had the following data for a recent period:

If Pinkerton Ltd had employed the periodic inventory method, what would its gross profit have been?
A) $280 000 
B) $300 000 
C) $320 000 
D) $440 000

Quizplus · Accepted Answer

The Answer is B

Use the Information Below to Answer the Following Question