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  3. gross profit averaged 35% of net sales. required a

Gross profit averaged 35% of net sales. Required a. Calculate the estimated loss of inventory...

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Accounting

image Gross profit averaged 35% of net sales. Required a. Calculate the estimated loss of inventory using the gross profit method. $ b. Assume instead that the markup is 25% of cost. Estimate the loss of inventory using the gross profit method. $

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