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TB MC Qu. 05-84 (Algo) Ace Company reported the following... Ace Company reported the following information for the current year: The beginning inventory balance is

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TB MC Qu. 05-84 (Algo) Ace Company reported the following... Ace Company reported the following information for the current year: The beginning inventory balance is correct. However, the ending inventory figure was overstated by $34,000. Given this information, the correct gross profit would be

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