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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
Hard Candy has a beginning inventory of $2,000. June purchases were $6,000, and retail sales were $3,000. The store has a normal gross profit of 50%. What is the June 30 estimated ending inventory at cost under the gross profit method?
A) $6,700
B) $6,100
C) $6,500
D) $6,000
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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7 years ago
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majestico Author
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