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34) Susan Florists had the following account balances at the end of the current accounting period: Beginning inventory $53,500 Net purchases 75,500 Net sales revenue
34) Susan Florists had the following account balances at the end of the current accounting period:
Beginning inventory $53,500 Net purchases 75,500 Net sales revenue 93,700
A normal gross profit percent is 30%. What is the estimated ending inventory as per the gross profit method? 34) ______ A) $100,890 B) $63,410 C) $65,590 D) $28,110
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