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What is total goods available for sale for glaus at december

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Reference no: EM132487231

Point 1: On january 1 2018 the merchandise inventory of glaus inc was 1200000, during 2018 glaus purchased 2400000 of merchandise and recorded sales of 3000000. the gross profit rate on these sales was 25%.

Question 1: What is the total goods available for sale for glaus at december 31, 2018?

Question 2: What is the COGS at December 31, 2018?

Reference no: EM132487231

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