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Business, 29.10.2020 17:10 aprilreneeclaroxob0c

A company's beginning inventory is $160,000, its net purchases are $260,000, and its net sales total $430,000. Its normal gross profit percentage is 35% of sales. Using the gross profit method, how much is ending inventory?

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A company's beginning inventory is $160,000, its net purchases are $260,000, and its net sales total...
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