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can you please help me out with this question. Ohana Company uses the gross profit method to estimate inventory for monthly reports. Information follows for

can you please help me out with this question.

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Ohana Company uses the gross profit method to estimate inventory for monthly reports. Information follows for the month of November: Inventory Nov 1 $ 978,000 Purchases 691 000 Freight-in 47 000 Sales 1 450,000 Sales returns 67 600 Purchase discounts 14, 100 Instructions (show all calculations) Calculate the estimated inventory at November 30, assuming that the gross profit is 30%% of sales. (Show all titles and components clearly for each amount.)

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