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California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1 2021. in preparing its insurance daim

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California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1 2021. in preparing its insurance daim on the inventory of the company developed the following data: Inventory January 1, 2021. $310.000 sales and purchases from January 1, 2021. to May 1 2021.540.000 and 59.000 respectively, California consistently reports a 35% gross profit. The estimated inventory on May 1 2024 Multiple Choice $485.000 $449,000 $544.000 $484.000

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