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Gross Profit Method Based on the following data, estimate the cost of the ending merchandise inventory Gross Profit Method Based on the following data, estimate

Gross Profit Method Based on the following data, estimate the cost of the ending merchandise inventory

Gross Profit Method Based on the following data, estimate the cost of the ending merchandise inventory: Sales Estimated gross profit rate Beginning merchandise inventory Purchases (net) Merchandise available for sale Cost Of Ending Merchandise Inventory $1,200,000 410/0 $710,000 72,000 $782,000

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