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5 Streamer Company sells float-tubes for recreational fly-fishing. A review of the company's historical operations shows that gross margin consistently averages 40% of sales. Company

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5 Streamer Company sells float-tubes for recreational fly-fishing. A review of the company's historical operations shows that gross margin consistently averages 40% of sales. Company guidelines indicate that ending inventory at the end of any quarter should always be 25% of the next quarter's budgeted cost of goods sold. The expected sales for Streamer's next four quarters are shown below. First quarter $800,000 Second quarter 950,000 Third quarter 900,000 Fourth quarter 850,000 If Streamer prepares a pro-forma income statement for the third quarter, what amount would be shown for Inventory available for sale? D$749,000 5675.000 550.000 SET 500 SEEDS

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