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Callahan Computers stores its inventory in a warehouse that burned to the ground in late November, 2019. Their sales office was at a different location.
Callahan Computers stores its inventory in a warehouse that burned to the ground in late November, 2019. Their sales office was at a different location. In order to file a claim with their insurance, the owners ask you to estimate the inventory in the warehouse. The following information is available: (Click the icon to view the information.) The company's gross profit has historically been 40% of Net sales revenue Estimate the value of the inventory destroyed in the fire using the gross profit method. O A. $528,550 OB. $388,450 OC. $410,000 OD. $369,950 Information Beginning Inventory Purchases through November 30 Net sales revenue through November 31 $375,500 470,250 793,000 Print Done
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