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How do estimate what the ending inventory is

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Reference no: EM132737793

Problem 1: The gross profit is ?100,000; goods available for sale is ? 1,100,000; beginning inventory is ?100,000; purchases is ?1,000,000; and sales is ?1,000,000. The ending inventory is?

A) ? 300,000
B) ? 100,000
C) ? 200,000
D) zero

Reference no: EM132737793

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