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Lorna Company has the following data available: Beginning inventory Net purchases Net sales Gross profit percentage $170,000 $500,000 $900,000 60% The estimated cost of the

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Lorna Company has the following data available: Beginning inventory Net purchases Net sales Gross profit percentage $170,000 $500,000 $900,000 60% The estimated cost of the ending inventory using the gross profit method is Se O A. $310,000 OB. S540.000 oc. S360.000 O D. $670,000

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