How to compute the companys estimated cost of ending, Accounting Basics

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How to compute the companys estimated cost of ending

A company needs to estimate its ending inventory. Using the data below, compute The company's estimated cost of ending inventory for the month of April. Explain how you reached your answer. Beginning inventory May 1 $ 2,000 Purchases for May 12,000 Retail sales during May 13,000 Normal gross profit average 40%

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Accounting Basics: How to compute the companys estimated cost of ending

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