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Time left 0:40:05 Muller Computers stores its inventory in a warehouse that burned to the ground in late November, 2018. Their sales office was at
Time left 0:40:05 Muller Computers stores its inventory in a warehouse that burned to the ground in late November, 2018. Their sales office was at a different location. In order to file a claim with their insurance, the owners ask you to estimate the inventory that was in the warehouse. The following information is available: Beginning inventory Purchases through November 30 Net sales revenue through November 30 $375,500 470,250 793,000 The company's gross profit has historically been 40% of net sales revenue. Estimate the value of the inventory destroyed in the fire using the gross profit method. O a. $528,550 Ob. $410,000 O c. $388,450 Od. $369,950 Let us covered Exa Fran prep
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