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Dundas company begin June with inventory of $227,000. The business may not purchases of $620,000 in hiding out sales of $885,000 before fire destroy the
Dundas company begin June with inventory of $227,000. The business may not purchases of $620,000 in hiding out sales of $885,000 before fire destroy the companies inventory. For the first several years, Dundas companies gross margin on the sales has been 32%. Required one. Estimate the cost of inventory destroyed by the fire too. Identify another reason owners and managers use the gross margin method to us to meet inventory on a regular basis
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