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Estimate the cost of ending inventory

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Question - Rambo Plumbing Supply maintains a gross margin of 61% on all of its kitchen sniks and faucet sets. In November, Rambo had a beginning inventory of $163,100, net purchases of $87,400, and net sales of $180,600. Use the gross pro?t method to estimate the cost of ending inventory.

Reference no: EM132545730

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