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The Accountants for Gonzalez Furniture Imports Need to Estimate the Ending

Question 139

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The accountants for Gonzalez Furniture Imports need to estimate the ending inventory balance so that they can prepare quarterly financial statements.The accountants have gathered the following information:
The accountants for Gonzalez Furniture Imports need to estimate the ending inventory balance so that they can prepare quarterly financial statements.The accountants have gathered the following information: Required: Use the gross profit method to estimate the ending inventory. Required: Use the gross profit method to estimate the ending inventory.

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Cost of Goods Sold (COGS): $68,250 = .65...

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