Question: What is the formula for estimating COGS using the gross profit method? Group of answer choices ( 1 + Gross profit margin ) Net sales

What is the formula for estimating COGS using the gross profit method?
Group of answer choices
(1+ Gross profit margin) Net sales
Net sales - Gross profit margin
(1- Gross profit margin) Net sales
(1+ Gross profit margin) Net sales
Gross profit margin Net sales

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