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Kesler, Inc

Question 26

Multiple Choice

Kesler, Inc.estimates the cost of its physical inventory at March 31 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available: Kesler, Inc.estimates the cost of its physical inventory at March 31 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available: The estimate of the cost of inventory at March 31 would be A) $84,000. B) $144,000. C) $159,000. D) $112,000. The estimate of the cost of inventory at March 31 would be


A) $84,000.
B) $144,000.
C) $159,000.
D) $112,000.

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