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A manufacturing company prices its goods to achieve a gross profit of 35 percent. The total cost of goods available for sale during the period

A manufacturing company prices its goods to achieve a gross profit of 35 percent. The total cost of goods available for sale during the period was $250,000. Sales revenue was $300,000 during the period. What is the estimated cost of the unsold (ending) inventory, using the gross profit estimation method?

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