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Based upon the following data, estlmate the cost of ending Inventory using the gross profit method. Sales Estimated gross profit rate $673,000 31% Beginning inventory

Based upon the following data, estlmate the cost of ending Inventory using the gross profit method. Sales Estimated gross profit rate $673,000 31% Beginning inventory Purchases (net) Merchandise available for sale $58,600 614,700 $673,300

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