Question: Instructions Compute the estimated inventory at May 3 1 , assuming that the gross profit is ( 2 8 % ) of

Instructions
Compute the estimated inventory at May 31, assuming that the gross profit is \(28\%\) of sales.
5.(5 points) The records of Air Bud's Boutique report the following data for the month of April.
Compute the ending inventory as indicated below. Round calculations to 3 decimal places.
a. Ending inventory using conventional retail inventory method
b. Ending inventory using LIFO retail inventory method
Instructions Compute the estimated inventory at

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