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How much is magic carpets estimation cost ending inventory

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Magic carpets began the year with inventory of $1,4000,000. Inventory purchases for the year totalled $3,200,000. Sales revenue for the year was $7,000,000 and the gross margin wag 45 percent.

Question 1: How much is Magic carpets estimation cost ending inventory? using gross margin method

Reference no: EM132468161

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