What the beginning inventory of finished goods must have


The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross margin was $220,000. If the ending inventory of finished goods was $30,000, what the beginning inventory of finished goods must have been:

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What the beginning inventory of finished goods must have
Reference No:- TGS0102465

Expected delivery within 24 Hours