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given the following, calculate the estimated cost of ending inventory using the gross profit method. Gross profit on sales 55% net purchases $3900 beginning inventory

given the following, calculate the estimated cost of ending inventory using the gross profit method.
Gross profit on sales 55% net purchases $3900

beginning inventory $29,000 net sales at retail $17,000

Given the following. calculate the estimated cost of ending inventory using the gross profit method

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