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57) Lorna Company has the following data available Beginning inventory Net purchases $170,000 Net sales...

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57) Lorna Company has the following data available Beginning inventory Net purchases $170,000 Net sales Gross profit percentage $400,000 $800,000 40% The estimated cost of the ending inventory using the gross proft method is IS A) $90,000 B) $160,000 C) $480,000 D) $570,000 yhen managers manipulate financial information au rmance

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