题目内容

Maybell Inc., has the following items for the month of July:The gross profit percentage is:

A. 34.9%.
B. 53.6%.
C. 65.0%.
D. 25.0%.

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Thecost-of-goodssoldmodelis:

A. beginninginventory,pluspurchases,plusendinginventoryequalscostofgoodssold.
B. beginninginventory,lesspurchases,lessendinginventoryequalscostofgoodssold.
C. beginninginventory,pluspurchases,lessendinginventoryequalscostofgoodssold.
D. beginninginventory,lesspurchases,plusendinginventoryequalscostofgoodssold

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Awidelyusedmethodforestimatingthevalueofendinginventoryisthe:

A. periodicmethod.
B. perpetualmethod.
C. lower-of-cost-or-marketmethod.
D. grossprofitmethod.

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Juice Company reported the following:Based on this information, the purchases for the next period should be:

A. $234,000.
B. $376,000.
C. $384,000.
D. $526,000.

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Olive Oil Company has the following information:Beginning inventory$170,000Net sales$800,000Net purchases$430,000Gross profit rate 45%Olive Oil's estimated ending inventory is:

A. $160,000.
B. $200,000.
C. $240,000.
D. $360,000.

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Maybell Inc., has the following items for the month of July:The gross profit percentage is:

A. 34.9%. B. 53.6%. C. 65.0%. D. 25.0%.

Thecost-of-goodssoldmodelis:

Awidelyusedmethodforestimatingthevalueofendinginventoryisthe:

Juice Company reported the following:Based on this information, the purchases for the next period should be:

Olive Oil Company has the following information:Beginning inventory$170,000Net sales$800,000Net purchases$430,000Gross profit rate 45%Olive Oil's estimated ending inventory is:

A. 34.9%.
B. 53.6%.
C. 65.0%.
D. 25.0%.