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3. Given the following information, calculate the estimated Cost of Ending inventory using the Gross Profit Method. Gross Profit Margin Beginning Inventory Net Purchases Net

3. Given the following information, calculate the estimated Cost of Ending inventory using the Gross Profit Method. Gross Profit Margin Beginning Inventory Net Purchases Net Retail Sales 55% $ 29,000.00 3,900.00 17,000.00

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