August Co had beginning inventory of $54,000, During the period the company purchased $109,800 of merchandise. At the end of the period, the company's balance of merchandise inventory was $39,600. If the gross profit percentage was 40%, what was the company's sales revenue? answer is 207,000. explain process to calculate revenue
August Co had beginning inventory of $54,000, During the period the company purchased $109,800 of merchandise. At the end of the period, the company's balance of merchandise inventory was $39,600. If the gross profit percentage was 40%, what was the company's sales revenue? answer is 207,000. explain process to calculate revenue
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...
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August Co had beginning inventory of $54,000, During the period the company purchased $109,800 of merchandise. At the end of the period, the company's balance of merchandise inventory was $39,600. If the gross profit percentage was 40%, what was the company's sales revenue?
answer is 207,000. explain process to calculate revenue
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