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Business, 18.03.2021 02:40 LuisTorres8966

Lewiston Company is preparing its financial statements. Gross margin is normally 40% of sales. Information taken from the company's records revealed sales of $50,000; beginning inventory of $5,000 and purchases of $35,000. The estimated amount of ending inventory would be:

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Lewiston Company is preparing its financial statements. Gross margin is normally 40% of sales. Infor...
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