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What is the estimated ending inventory utilizing the gross

A company has operated with a 30% average gross profit ratio for several years had sales of $100,000 during the 1st quarter of this year. If it started the quarter with an inventory of $18,000 at cost and acquired an inventory of $72,000 during the quarter. What is the estimated ending inventory utilizing the gross profit method.

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Managerial Accounting: What is the estimated ending inventory utilizing the gross

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