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A flood destroyed a companys warehouse contents on September 1 2 . The following information was the only information that was salvaged:Inventory, beginning: $ 3
A flood destroyed a companys warehouse contents on September The following information was the only information that was salvaged:Inventory, beginning: $Purchases for the period: $Sales for the period: $Sales returns for the period: $ The company's average gross profit ratio is What is the estimated cost of the lost inventory using the gross profit method?
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