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Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $100,000 in sales during the second

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Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $100,000 in sales during the second quarter of this year. If it began the quarter with $18,000 of inventory at cost and purchased $72,000 of inventory during the quarter, its estimated ending inventory by the gross profit method is: Saved $20,000. $30,000 O $18,000 O $27,000. O $21,000

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