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The Following Information Is Available Through June 2014 for Kimchee

Question 57

Multiple Choice

The following information is available through June 2014 for Kimchee Company: The following information is available through June 2014 for Kimchee Company: On June 29, a fire completely destroyed Kimchee's inventory. Using the gross profit method, the estimated value of the inventory destroyed is A) W120,000,000. B) W96,000,000. C) W48,000,000. D) W24,000,000. On June 29, a fire completely destroyed Kimchee's inventory. Using the gross profit method, the estimated value of the inventory destroyed is


A) W120,000,000.
B) W96,000,000.
C) W48,000,000.
D) W24,000,000.

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