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At May 31, Sheffield Company has net sales of $315,000 and cost of goods available for sale of $211,500. Compute the estimated cost of the

image text in transcribed At May 31, Sheffield Company has net sales of $315,000 and cost of goods available for sale of $211,500. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 35%. Estimated cost of ending inventory $

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