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The following data is available from the books: Beginning Inventory , $ 90,000 Purchases , 130,000 Sales 200,000 Past records indicate that sales are made

The following data is available from the books: Beginning Inventory , $ 90,000 Purchases , 130,000 Sales 200,000 Past records indicate that sales are made at 25% above cost. Estimate the ending inventory under the gross profit method

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