Question: Answer this as soon as possible please, In ACCOUNTING FORMAT If the estimated rate of gross profit is 30%, what is the estimated cost of

Answer this as soon as possible please, In ACCOUNTING FORMAT

Answer this as soon as possible please, In ACCOUNTING FORMAT If the

If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? June 1 Merchandise Inv .... $75, 000 June 1-30 Purchases (net).... $150, 000 June 1-30 Sales (net)........ $135, 000

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