Use the gross profit method with the following cost data, estimate the cost of ending inventory Net

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Use the gross profit method with the following cost data, estimate the cost of ending inventory

Net sales $

390, 000

Gross profit rate

65 %

Beginning inventory $

55, 000

Net purchases $

140, 000

Question: What is the ending inventory balance?

Posted Date: May 13, 2024 01:38 AM

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Use the gross profit method with the following cost data, estimate the cost of ending inventory Net

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