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Estimate ending inventory using the gross profit method

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Reference no: EM131537379

Question: Estimating ending inventory using the gross profit method A form for making estimated inventory calculations and a form for completing an income statement are given in the Working Papers. Your instructor will guide you through the following examples.

1. Use the following information obtained from the records and management of Evans Company to estimate the cost of the ending inventory on June 30.

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Reference no: EM131537379

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