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Question 3 ( 2 points): The inventory of Willamette Company was destroyed by fire on April 1. From an examination of the accounting records, the
Question 3 ( 2 points): The inventory of Willamette Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the Instructions: Determine the merchandise lost by fire, assuming a begunning inventory of $50,000 and a gross profit rate of 45% on net sales
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