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Whispering Winds Inc.'s April 30 inventory was destroyed by the explosion of an underground oil tank. January 1 inventory was $320,000 and purchases for January
Whispering Winds Inc.'s April 30 inventory was destroyed by the explosion of an underground oil tank. January 1 inventory was $320,000 and purchases for January through April totalled $790,000 Sales for the same period were $1.0 million, whispering winds& normal gross profit percentage is 30% Using the gross profit method, estimate the amount of Whispering Windss' April 30 inventory that was destroyed. Estimated ending inventory destroyed in explosion s
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