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Elite Homes Enterprises lost its entire inventory in a hurricane that occurred on December 31, 2015. Over the past five years, gross profit has averaged

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Elite Homes Enterprises lost its entire inventory in a hurricane that occurred on December 31, 2015. Over the past five years, gross profit has averaged 32% of net sales the company's records reveal the following data for the month of December Estimate the December 31 inventory using the gross profit method

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