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Assume the following data: Beginning inventory: $145,000. Inventory purchases during the month: $53,000. Sales that month: $140,000. Estimated gross profit: 35%. What is the estimated
Assume the following data: Beginning inventory: $145,000. Inventory purchases during the month: $53,000. Sales that month: $140,000. Estimated gross profit: 35%. What is the estimated ending inventory at the end of the month? $69,300 $58,000 $91,000 o $107,000
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