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Gross profit method presented below is information related

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1. Gross Profit Method Presented below is information related to Jerrold Corporation for the current year. Compute the ending inventory, assuming that

(a) Gross profit is 40% of sales;
(b) Gross profit is 60% of cost;
(c) Gross profit is 35% of sales; and
(d) Gross profit is 25% of cost.

2275_11-B-A-V-I (128).PNG

Reference no: EM131117520

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