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Business, 19.08.2020 19:01 amylumey2005
Refer to the following data: Net sales, first month $13,000 Normal gross profit as a percentage of sales 45% Inventory, start of period $8,000 Net purchases, first month $7,000 Using the gross profit method of inventory estimation, the amount of normal gross profit would be:.a. $5,850.b. $3,600. c. $6,750. d. $15,000.
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Refer to the following data: Net sales, first month $13,000 Normal gross profit as a percentage of s...
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