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Find what would be the value of ending inventory

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Reference no: EM132562487

Inventory Estimate

Question 1: Following is the information for a company and its inventory destroyed in Earthquake. What would be the value of ending inventory?

Inventory, beginning of period$250,000 Purchases to date of earthquake 200,000 Net sales to date of earthquake 600,000 Gross profit ratio 40%

A) Non of the above

B)$4,50,000

C)$3,60,000

D)$90,000

Reference no: EM132562487

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