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Business Homework Help
Business Homework Help
Question
The beginning inventory of Soft Toys Inc. was $46,000. Thepurchases (excluding returns) and sales revenue for the year were$230,000 and $325,000, respectively. The purchase returns amountedto $30,000. The company's normal gross profit percent is 60%. Whatis the amount of the estimated ending inventory?
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13 Sep 2017
Due Date: 13 Sep 2017
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