Question: Question 1 ( 5 points) Sporting Pro wants to prepare interim financial statements for the first quarter of 2020 but would like to avoid making

Question 1 ( 5 points) Sporting Pro wants to prepare interim financial statements for the first quarter of 2020 but would like to avoid making a physical count of inventory. During the last five years, the company's gross profit rate has averaged \31. The following information for the year's first quarter is available from its records: Required: 1. Use the gross profit method to prepare an estimate of the company's March 3 inventory

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