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The following information is available for November 2018, for Golden Company Beginning inventory $ 80,000 Purchases 300,000 Purchase retum 20,000 Sales 500,000 Sales discount 50,000
The following information is available for November 2018, for Golden Company Beginning inventory $ 80,000 Purchases 300,000 Purchase retum 20,000 Sales 500,000 Sales discount 50,000 Gross profit percentage of sales 25% Using the gross profit method, the estimated ending inventory is: OA. $50,000 ??. $22,500 $30,000 ??. OD $85,000
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