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10 Which of the following is False regarding the gross profit method of estimating inventory? OA. This method uses past ratios to make the computation.

10 Which of the following is False regarding the gross profit method of estimating inventory? OA. This method uses past ratios to make the computation. OB. This method provides exact amount for the ending inventory. OC. This method provides an estimate amount for the ending inventory. OD. It is not acceptable for financial reporting purposes

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