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BB Inventory $275,000; Net Sales $960,000; Purchases $465,000; Gross Profit percentage 44%. What is the estimated EB Inventory using the Gross Profit Method? Optional Answers:

BB Inventory $275,000; Net Sales $960,000; Purchases $465,000; Gross Profit percentage 44%. What is the estimated EB Inventory using the Gross Profit Method? Optional Answers: 1. $202,400 2. $325,600 3. $422,400 4. $740,000

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