Walker Manufacturing took in 206,500 in sales during October. They started the month with inventory worth 642,500 and spent 368,600 on new purchases during the month. Gross margin on sales was 66. Using the gross profit method, estimate the cost value of the inventory at the end of October.
A) 70,210
B) 436,000
C) 940,890
D) 1,011,100
Question 2
Last year, 41 of the sales of the local coffee shop were during breakfast hours. If those breakfast hour sales were 28,500, what were the total sales of the coffee shop for the year? The solution to the above problem is 11,685.
Indicate whether the statement is true or false
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