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Calculate estimated cost of ending inventory using the gross profit method: Gross profit on sales Beg inventory June 1, 2017 Net purchases Net sales at

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Calculate estimated cost of ending inventory using the gross profit method: Gross profit on sales Beg inventory June 1, 2017 Net purchases Net sales at retail for June ory June 1, 2017 35% $22,000 $ 6,600 $12,000 Estimated cost

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