O All of these are correct O facilitate collecting even more data. DQuestion 35

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O All of these are correct O facilitate collecting even more data. DQuestion 35 2 pts To arrive at an estimated ending inventory figure: O beginning inventory plus purchases equals cost of goods available for sale. D an estimated cost of goods sold is subtracted from cost of goods available for sale. @ a percentage of sales is typically used as the estimated cost of goods sold. D All of these are correct 2 pts Question 36 Pareto analysis is an analytical measurement tool based on the Pareto principle. The Pareto principle is

Explanation / Answer

(D) All of these are correct.

Formulaes are as follows-

Beginning Inventory + Purchases = Cost of Goods Available for Sale

Cost of Goods Available for Sale - Estimated Cost of Goods Sold = Estimated Ending Inventory

Sales * (1 - Gross Margin Percentage) = Estimated Cost of Goods Sold

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