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Calculator Based upon the following data, estimate the cost of ending inventory using the gross profit method. Sales $676,000 Estimated gross profit rate 34% $56,300

Calculator Based upon the following data, estimate the cost of ending inventory using the gross profit method. Sales $676,000 Estimated gross profit rate 34% $56,300 Beginning inventory Purchases (net) Merchandise available for sale 590,600 $646,900

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