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Calculator Print Item Gross Profit Method Based on the following data, estimate the cost of the ending merchandise inventory: Sales (net) Estimated gross profit rate

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Calculator Print Item Gross Profit Method Based on the following data, estimate the cost of the ending merchandise inventory: Sales (net) Estimated gross profit rate Beginning merchandise inventory Purchases (net) Merchandise available for sale $4,800,000 45% $2,622,000 266,000 $2,888,000

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