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Exercise 9-14 (Part Level Submission) Indigo Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the

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Exercise 9-14 (Part Level Submission) Indigo Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May Inventory, May1 Purchases(gross) Freight-in Sales revenue Sales returns Purchase discounts $159,500 593,300 32,900 974,400 75,900 10,800

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