ACCT 2001 : Acctg 115 Quiz 3 And 4 Solution
Document Summary
The work shown on the quiz must support the answer that you give. An unsupported correct answer will receive no credit. State clearly any assumptions that you may have to make with regard to any question. You may use your book and notes, but you must work independently and not discuss the quiz with anyone. I have followed the above directions and have neither given nor accepted any help from another person on this quiz. Blues clues signs uses the retail method to estimate ending inventory in its monthly financial statements. The following information is available for the month ended april 30: (1) ,000,000 (a) determine the cost ratio that should be used in estimating the (b) estimate the cost of the inventory at april 30. (c) estimate the cost of goods sold for april. On april 30, peter rabbit, inc. lost its entire inventory in a flood.
