Question: 5. Estimating inventory using gross profit method Estimating Inventory Using Gross Profit Method profit for the past three years tollow. Required a. Estimate the cost

5. Estimating inventory using gross profit method

Estimating Inventory Using Gross Profit Method profit for the past three years tollow. Required a. Estimate the cost of the imventory destroynd in the fire, using the average gross profit percentage for the past three years - Note: Assume no inventory was salvagable. - Note: Do not use negative signs with any of your answers. Average pross profit percentage for the past three years D. Our estimane in bart a would tie cuestanable in all of the fallowne cases exceot for

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