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Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $109,000 in sales during the second

Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $109,000 in sales during the second quarter of this year. If it began the quarter with $18,900 of inventory at cost and purchased $72,900 of inventory during the quarter, its estimated ending inventory by the gross profit method is ?

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