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Business, 27.08.2021 01:20 MorrisAshley

Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $104,000 in net sales during the second quarter of this year. If it began the quarter with $18,400 of inventory at cost and purchased $72,400 of inventory during the quarter, its estimated ending inventory by the gross profit method is:

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Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $104,...

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