Question: b) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost. Pina Company uses the gross profit method to

b) Compute the estimated inventory at May 31, assuming that the gross

b) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost.

Pina Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May

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