Question: Using the gross profit method with the following cost data, estimate the cost of ending inventory. $660,000 45% Sales Estimated gross profit rate Beginning Inventory

Using the gross profit method with the following cost data, estimate the cost of ending inventory. $660,000 45% Sales Estimated gross profit rate Beginning Inventory Purchases $75,000 $345,000 O a. $363,000 O b. $297,000 O c. $75,000 O d. $57,000

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