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Bramble Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of Ma- Inventory, May

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Bramble Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of Ma- Inventory, May 1 Purchases (gross) Freight-in Sales revenue Sales returns Purchase discounts $ 167,300 580,800 32,100 979,300 73,300 11.300 (a) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of net sales. The estimated inventory at May 31 $ e Textbook and Media Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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