Question: plz help The gross profit method is based on which of the following assumptions? The beginning inventory plus purchases equals the cost of goods available

plz help

The gross profit method is based on which of the following assumptions? The beginning inventory plus purchases equals the cost of goods available for sale that must be accounted for. Goods not included in cost of goods sold must be on hand in ending inventory. When the net sales, reduced to cost, are deducted from the cost of goods available for sale, the result is an estimate of the ending inventory. All of these choices are correct

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