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Time left 0:31:43 Supreme Clothing suffered a hurricane loss and needs to estimate the cost of the inventory that was destroyed. Beginning inventory was $94,000,
Time left 0:31:43 Supreme Clothing suffered a hurricane loss and needs to estimate the cost of the inventory that was destroyed. Beginning inventory was $94,000, net purchases totaled $564,000, and sales came to $940,000. Supreme normal gross profit percentage is 55%. Use the gross profit method to estimate the cost of the inventory lost in the hurricane. O a. $517,000 O b. $658,000 E O c. $141,000 O d. $235,000 The
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