Discuss mirror works maintains a gross margin

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Mirror Works maintains a gross margin of 40% on all of its merchandise. In April the company had a beginning inventory of $518,700, net purchases of $312,400, and net sales of $750,400. Use the gross profit method to estimate the cost of ending inventory as of March 31.

Reference no: EM131757287

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Discuss mirror works maintains a gross margin : Mirror Works maintains a gross margin of 40% on all of its merchandise. In April the company had a beginning inventory of $518,700
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