9) The following data are for Steve's Candy Store for January: Beginning inventory $201,000 Net sales revenue $600,000 Net purchases $500,000 Normal gross profit rate 30% What is the company's estimated ending inventory for the month? A) $281,000 B) $350,000 C) $420,000 D) $521,000 10) A fire destroyed the inventory of Barber Company. The following information is available: Beginning Inventory $50,000 Purchases $170,000 Net Sales Revenue $200,000 Gross Profit Percentage 30% Prepare a schedule to compute the amount of inventory lost in the fire. 11) A fire destroyed the inventory and store of Schlichting Company. They have the following information available: Beginning Inventory $100,000 Purchases $400,000 Net Sales Revenue $600,000 Gross Profit Percentage 20% Prepare a schedule to compute the amount of inventory lost in the fire.

9) The following data are for Steve's Candy Store for January: Beginning inventory $201,000 Net sales revenue $600,000 Net purchases $500,000 Normal gross profit rate ...

9) The following data are for Steve's Candy Store for January:

Beginning inventory	$201,000	Net sales revenue	$600,000
Net purchases	$500,000	Normal gross profit rate	30%

What is the company's estimated ending inventory for the month?

A) $281,000

B) $350,000

C) $420,000

D) $521,000

10) A fire destroyed the inventory of Barber Company. The following information is available:

Prepare a schedule to compute the amount of inventory lost in the fire.

11) A fire destroyed the inventory and store of Schlichting Company. They have the following information available:

Prepare a schedule to compute the amount of inventory lost in the fire.

May 15, 2022