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A business would use the gross profit method instead of the retail method to estimate ending inventory when: a. the selling price of items on

A business would use the gross profit method instead of the retail method to estimate ending inventory when:

a. the selling price of items on hand are known.

b. the selling price of items on hand are not known.

c. the cost of items on hand are known.

d. the cost of items on hand are not known.

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