Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method.
a) sales (net) $720,000 estimated gross profit rate 27%
b) beginning merchandise inventory $66,300
c) purchases (net) 695,800
d) merchandise available for sale $762,100
Answers: 3
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Business, 23.06.2019 02:30
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Based on the following data, estimate the cost of ending merchandise inventory using the gross profi...
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