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Current Attempt in Progress The following information is available for October for Wildhorse Company. (Round answers to 0 decimal places, eg. 5,275) Beginning inventory
Current Attempt in Progress The following information is available for October for Wildhorse Company. (Round answers to 0 decimal places, eg. 5,275) Beginning inventory $370000 Net purchases 1140000 Net sales 2280000 Percentage markup on 66.67% cost A fire destroyed Wildhorse's October 31 inventory, leaving undamaged inventory with a cost of $22500. Using the gross profit method, the estimated ending inventory destroyed by fire is O $585500. O $770000. $608000. O $119500.
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