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please show math. can't figure it out. d. 5940 5. When preparing its quarterly financial statements, Potter Co. uses the gross margin method to estimate
please show math. can't figure it out.
d. 5940 5. When preparing its quarterly financial statements, Potter Co. uses the gross margin method to estimate ending inventory. The following information is available for the ist quarter of 2009 Beginning inventory Purchases Sales Estimated gross margin percentage $350,000 720,000 1.215.000 What was Potter's estimated inventory on March 31, 2009 a $180,250 h $139,500 c. $789.750 d. $119.500Step by Step Solution
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