Question: calculated the estimated inventory at May 31, assuming that the markup on cost is 25% Bridgeport Company Limited, which follows ASPE, uses the gross profit

calculated the estimated inventory at May 31, assuming that the markup on cost is 25% calculated the estimated inventory at May 31, assuming that the markup on

Bridgeport Company Limited, which follows ASPE, uses the gross profit method to estimate inventory for monthly reports. Information follows for the month of May: $ 367,000 726,000 52.000 Inventory, May 1 Purchases Freight-in Sales Sales returns Purchase discounts 1.270,000 75,800 12,300

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