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The Accountant for Buy & Large,Inc

Question 241

Multiple Choice

The accountant for Buy & Large,Inc.needs to estimate the ending inventory balance so that he can prepare quarterly financial statements.The accountant has gathered the following information: The accountant for Buy & Large,Inc.needs to estimate the ending inventory balance so that he can prepare quarterly financial statements.The accountant has gathered the following information: Use the gross profit method to estimate the cost of the ending inventory. A) $30,000 B) $40,000 C) $20,000 D) $42,000 Use the gross profit method to estimate the cost of the ending inventory.


A) $30,000
B) $40,000
C) $20,000
D) $42,000

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