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Using the gross profit method estimate the cost value of

Walker Manufacturing took in $206,500 in sales during October. They started the month with inventory worth $642,500 and spent $368,600 on new purchases during the month. Gross margin on sales was 66%. Using the gross profit method, estimate the cost value of the inventory at the end of October.

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Accounting Basics: Using the gross profit method estimate the cost value of

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