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Based on the following data, estimate the cost of the ending merchandise inventory: Sales Estimated gross profit rate Beginning merchandise inventory Purchases (net) Merchandise available

Based on the following data, estimate the cost of the ending merchandise inventory: Sales Estimated gross profit rate Beginning merchandise inventory Purchases (net) Merchandise available for sale Cost of Ending Merchandise Inventory $9,250,000 36% $180,000 5,945,000 $6,125,000
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Based on the following data, estimate the cost of the ending merchandise inventory

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