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Answer this as soon as possible please, In ACCOUNTING FORMAT If the estimated rate of gross profit is 30%, what is the estimated cost of

Answer this as soon as possible please, In ACCOUNTING FORMAT

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If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? June 1 Merchandise Inv .... $75, 000 June 1-30 Purchases (net).... $150, 000 June 1-30 Sales (net)........ $135, 000

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