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Landis Company is preparing its financial statements. Gross margin is normally 4 0 % of sales. Information taken from the company's records revealed sales of
Landis Company is preparing its financial statements. Gross margin is normally of sales. Information taken from the company's records revealed sales of $; beginning inventory of $ and purchases of $ What is the estimated amount of ending inventory at the end of the period?
Multiple Choice
$
$
$
$
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