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Business, 28.11.2019 01:31 dayanara72

Exercise 9-14 martinez company uses the gross profit method to estimate inventory for monthly reporting purposes. presented below is information for the month of may. inventory, may 1 $ 146,400 purchases (gross) 581,500 freight-in 27,800 sales revenue 917,100 sales returns 69,300 purchase discounts 12,200 your answer is incorrect. try again. compute the estimated inventory at may 31, assuming that the gross profit is 25% of net sales

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