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During the month of January, Sundown Corporation had sales of $480,000 and a cost of goods available for sale of $960.000. The company consistently earns

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During the month of January, Sundown Corporation had sales of $480,000 and a cost of goods available for sale of $960.000. The company consistently earns a gross profit tate of 44%. Using the gross profit method, the estimated inventory at January 31 amounts to Multiple Choice $268,800 O $748,800 O $211.200 O $691.200

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