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Jefferson Company has sales of $311,000 and cost of goods available for sale of $271,100. If the gross profit ratio is typically 30%, the estimated
Jefferson Company has sales of $311,000 and cost of goods available for sale of $271,100. If the gross profit ratio is typically 30%, the estimated cost of the ending inventory under the gross profit method would be:
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Multiple Choice
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106,800
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$53,400
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$177,800
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$39,900
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$93,300
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