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dcooper78 dcooper78
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8 months ago

Ronco Company has a gross profit on sales of 42%. On November 1, 2022, beginning inventory was $9,000. Net purchases for the month were $35,000. Assuming Ronco has retail sales of $60,000 in November, what is the estimated cost of ending inventory using the gross profit method?

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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skysdalmtsskysdalmts
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