Using the gross profit method find the estimated ending inventory using the following data:
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Answer:
1. 30 percent
2. 211.60
3. 1.61
4. 420.00
5. 10,333.33
6. 40,000
7. 3,107.00
8. 8,000.00
9. 2.5
10. 40,000.00
Explanation: