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At May 31, Oriole Company has net sales of $355,000 and cost of goods available for sale of $240,000. Compute the estimated cost of the
At May 31, Oriole Company has net sales of $355,000 and cost of goods available for sale of $240,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 35%.
| Estimated cost of ending inventory |
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