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Stellar Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. (a) Compute

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Stellar Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. (a) Compute the estimated irventory at May 31, assuming that the gross profit is 25% of sales. Therstimated inventory at May 31

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