Buffalo Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented...
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Accounting
Buffalo Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information fo rthe month of May. Inventory May Purchases groiss Freight in Sales Revenue Sales Retruns Purchase disocyunts Compute the estimated inventory at may assuming the gross profit is of sales compute the estimated inventory at may assuming that the gross profit is of cost
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