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A store uses the gross profit method to estimate inventory and cost of goods sold for interim reporting purposes Past experience in cates that the

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A store uses the gross profit method to estimate inventory and cost of goods sold for interim reporting purposes Past experience in cates that the average gross profit rate : 25 natalet. The following data rele to the month of March Inventory cost March Purchases during the monty of cost Sales Suos retums 525 000 67 000 84.000 3.000 Usia the data atoe what is the estimated ending inventory at March 317 Select one O $20.250 521.000 DES20.000 571.750 $3,250

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