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Beginning inventory is $130,000, purchases are $260,000, and sales total $400,000. The normal gross profit is 25%. Using the gross profit method, how much is
Beginning inventory is $130,000, purchases are $260,000, and sales total $400,000. The normal gross profit is 25%. Using the gross profit method, how much is ending inventory? O A. $140,000 O B. $170,000 O c. $90,000 D. $100,000
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