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Company A had beginning inventory of $32,000, gross purchases of $55,000, purchase discounts of $1,200, gross sales of $75,000, sales returns of $350, and sales

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Company A had beginning inventory of $32,000, gross purchases of $55,000, purchase discounts of $1,200, gross sales of $75,000, sales returns of $350, and sales allowances of $1,300. Assume that the gross profit is 40% of sales. What is the estimated ending inventory? $44,190 $41,790 $85,800 $44,010

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