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A company has cost of goods available for sale of $ 2 5 0 , 0 0 0 , sales of $ 3 0 5

A company has cost of goods available for sale of $250,000, sales of $305,000, and a gross profit percentage of 30 percent. Using the gross profit method, what is the ending inventory?
$95,000
$50,000
$36,500
$158,500\

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