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Estimating Sales Returns Guccii Inc. sells $560,000 of inventory during March to customers for $800,000. Guccii Inc. accepts returns up to 3 months after the

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Estimating Sales Returns Guccii Inc. sells $560,000 of inventory during March to customers for $800,000. Guccii Inc. accepts returns up to 3 months after the date of purchase. Based on historical trends, 8% of inventory that Guccii Inc. sells is returned. Determine revenue to be recognized during March

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