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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
St. Paul Corporation has a normal gross profit of 35%. The current year's beginning inventory was $3,500, purchases were $10,000, and retail sales were $16,000. The estimated ending inventory under the gross profit method is:
A) $3,500.
B) $3,150.
C) $3,250.
D) $3,100.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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7 years ago
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