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please solve b Vaughn Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is informatic for the month of

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Vaughn Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is informatic for the month of May. (a) Your answer is correct Compute the estimated inventory at May 31, assuming that the gross profit is 2596 of sales. The estimated inventory at May 31 eTextbook and Media. Attempts: 5 of 5 used (b) Compute the estimated inventory at May 31 , assuming that the grose profit is 2556 of cost. (Round percentage of sales to 2 decimat places, eg 78.74% and final answer to 0 decimal ploces, 5,6,225 ) The estimatedinventoryat May 31

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