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Brief Exercise 9-9 Marin Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $146,000, and purchases for January through April totaled $493,700.

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Brief Exercise 9-9 Marin Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $146,000, and purchases for January through April totaled $493,700. Sales revenue for the same period were $653,100. Marin's normal gross profit percentage is 30% on sales. Using the gross profit method, estimate Marin's April 30 inventory that was destroyed by fire. Estimated ending inventory destroyed in fire s

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