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Accounting Johnson and Guidry Inc. is using the gross profit method to estimate ending inventory. Below is information for the month of September. Using the

Accounting

Johnson and Guidry Inc. is using the gross profit method to estimate ending inventory. Below is information for the month of September. Using the informaiton below, find the ending inventory at cost Inventory, May 1 $160,000 Purchases (gross) 640,000 Freight-in Sales 670,000 30,000 1,000,000 Sales returns 70,000 918,000 Purchase discounts 12,000

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