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i need text answer only Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. Sales (net) $773,000

i need text answer only

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Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. Sales (net) $773,000 Estimated gross profit rate 32% $66,300 Beginning merchandise inventory Purchases (net) Merchandise available for sale 695,900 $762,200 $

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