Stevens Company started the year with an inventory cost of $245,000. During the month of...
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Accounting
Stevens Company started the year with an inventory cost of $245,000. During the month of January, Stevens purchased inventory that cost $83,000. January sales totaled $190,000. Estimated gross profit is 25%. The estimated ending inventory as of January 31 is
Select one:
a.
$142,500
b.
$91,000
c.
$107,000
d.
$185,500
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