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Over the past 3 years, the gross proftrete for Jint Company was 44% Last week a fire destroyed all Int's inventory Beginning inventory Net purchase
Over the past 3 years, the gross proftrete for Jint Company was 44% Last week a fire destroyed all Int's inventory Beginning inventory Net purchase Net sales at retail 5.5.700 61,400 48,400 Using the gross profit method, estimate the cost of inventory destroyed in the fire given the above tocts that were recorded in a fireproof safe Inventory destroyed
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