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The Wolfe Company recently lost its entire inventory records reflect the following information [4] in a fire The Beginning Inventory Net Purchases Net Sales Gross

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The Wolfe Company recently lost its entire inventory records reflect the following information [4] in a fire The Beginning Inventory Net Purchases Net Sales Gross Profit Rate $34,00 $220,400 $378,000 40% Using the gross profit method, estimated inventory is: [A] [B] [C] [D] $27,600 $34,000 $101,760 Cannot be determined with given information

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