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Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. Sales (net) Estimated gross profit rate Beginning merchandise

Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. Sales (net) Estimated gross profit rate Beginning merchandise inventory Purchases (net) Merchandise available for sale $736,000 43% $52,900 555,400 $608,300
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Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method

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