Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $105,000 during 2021. Fifteen percent of the containers were not returned. The deposits are based on the
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $105,000 during 2021. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 35%. What is cost of goods sold relative to this forfeiture?
