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Question 11 The following information is available for D. Svesko & Co.: Merchandise Inventory (Beginnin $125,000 Purchases (Net) $230,000 Sales $637,000 Sales Returns & Allowances

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Question 11 The following information is available for D. Svesko & Co.: Merchandise Inventory (Beginnin $125,000 Purchases (Net) $230,000 Sales $637,000 Sales Returns & Allowances $15,000 $2,000 Sales Discounts Gross Profit Rate 60% Using the Gross Profit Method, the estimated cost of ending inventory is: @ 107.000 MIN $275,000 $295.000 The answer cannot be determined with this information alone

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