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Stamm Co has cost of goods available for sale for a period of $661,250. Sales were $529,000. The gross margin was 41% of sales.
Stamm Co has cost of goods available for sale for a period of $661,250. Sales were $529,000. The gross margin was 41% of sales. What was the amount of the ending inventory (hint: use Gross Profit Method)?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
