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What is your estimate of alpine gift cost of goods sold

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Reference no: EM133042936

Problem - The following Information is from Alpine Gift's 2021 accounting records.

Sales $182,000

Beginning inventory $126,500

Purchases of inventory $28,800

Gross profit percentage 60%

Required - What is your estimate of Alpine Gift's cost of goods sold at year-end using the gross profit method?

Reference no: EM133042936

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