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The Cyprus Company recently lost its entire inventory in a fire. The accounting records reflect the following information Beginning Inventory Net Purchases Net Sales Gross

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The Cyprus Company recently lost its entire inventory in a fire. The accounting records reflect the following information Beginning Inventory Net Purchases Net Sales Gross Profit Rate $36,000 $220,500 $378,300 40% Using the gross profit method, estimated inventory is: O A. $36,000 OB. $29,520 O C. $102,600 OD. Cannot be determined with given information

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