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Requirements 1. Estimate the cost of the lost inventory using the gross profit method. 2. Prepare the income statement for January 1 to January 15
Requirements 1. Estimate the cost of the lost inventory using the gross profit method. 2. Prepare the income statement for January 1 to January 15 for this product through gross profit. Show the detailed computations of cost of goods sold in a separate schedule. Print Done
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