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At May 31, Vaughn Company has net sales of $370,000and cost of goods available for sale of $278,000. Compute the estimated cost of the ending

At May 31, Vaughn Company has net sales of $370,000and cost of goods available for sale of $278,000.

Compute the estimated cost of the ending inventory, assuming the gross profit rate is35%.

Estimated cost of ending inventory $_______

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