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October 25, 2014

Homework Help: Accounting

Posted by Katie on Thursday, October 28, 2010 at 3:04pm.

Jan. 1 Merchandise inventory $144,200
Jan. 1–Feb. 7 Purchases (net) 40,000
Jan. 1–Feb. 7 Sales (net) 70,000
Estimated gross profit rate 40%


Estimated merchandise inventory destroyed:

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