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Portland Ltd

Question 107

Multiple Choice

Portland Ltd.estimates the cost of its physical inventory at March 31 for use in interim financial statements.The rate of markup on cost is 25%.The following account balances are available: Portland Ltd.estimates the cost of its physical inventory at March 31 for use in interim financial statements.The rate of markup on cost is 25%.The following account balances are available: What is the estimated dollar value of the inventory at March 31? A) $18,000 B) $175,000 C) $81,000 D) $368,000 What is the estimated dollar value of the inventory at March 31?


A) $18,000
B) $175,000
C) $81,000
D) $368,000

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