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The following data are for the Restaurante Inc. for the year ended December 31, 2013: Beginning inventory $125,000 Net purchases 55,000 Net sales revenue 200,000

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The following data are for the Restaurante Inc. for the year ended December 31, 2013: Beginning inventory $125,000 Net purchases 55,000 Net sales revenue 200,000 Normal gross margin rate 40% What is the estimated ending inventory? O a. $20,000 O b. $100,000 O c. $60,000 O d. $50,000

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