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gOOvER gOOvER
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6 years ago
Using the gross margin method, find the ending inventory value when purchases were $105,000, net sales revenue was $128,000, beginning inventory was $31,000 and cost of goods sold historically runs 58% of net sales revenue.
A) $82,240
B) $61,760
C) $23,000
D) $54,000
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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HanoiHanoi
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#1
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6 years ago
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gOOvER Author
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Brilliant ツ
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