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Jasjot Ltd. has a gross profit of $400,000. This is based on sales of $800,000. If cost of goods sold available for sale is $630,000

Jasjot Ltd. has a gross profit of $400,000. This is based on sales of $800,000. If cost of goods sold available for sale is $630,000 and beginning inventory is $420,000, calculate the estimated value of ending inventory.

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