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Based on the following data estimate the cost of the ending merchandise inventory Sales (net Estimated gross profit rate 55.300.000 45 Beginning merchandise inventory Purchases

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Based on the following data estimate the cost of the ending merchandise inventory Sales (net Estimated gross profit rate 55.300.000 45 Beginning merchandise inventory Purchases (net) $717.000 73,000 Merchandise available for sale 5790.000 790.000 Cost of Ending Merchandise Inventory Merchandise available for Sale Less cost of merchandise sold Estimated ending merchandise inventory

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