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Our company had the following information for the current year: Beginning Inventory Gross profit percentage Net purchases Sales $ 165,000 25% $ 790,000 $ 900,000

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Our company had the following information for the current year: Beginning Inventory Gross profit percentage Net purchases Sales $ 165,000 25% $ 790,000 $ 900,000 Using the gross profit method, what is the cost of goods sold? Using the gross profit method, what is the ending inventory

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