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Jefferson Company has sales of $317,000 and cost of goods available for sale of $271,700. If the gross profit ratio is typically 30%, the estimated
Jefferson Company has sales of $317,000 and cost of goods available for sale of $271,700. 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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$45,300
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$176,600
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$99,600
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$95,100
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$49,800
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