Essay
On August 31, 2018, Hurricane Chuck destroyed Bedford Craft Mart's entire inventory. The following information is available from its accounting records: 
Required:
Assuming that Bedford estimates the cost of destroyed inventory at $510,000, compute gross profit margin % that Bedford uses in estimating inventory.
Correct Answer:
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Gross Profit Method 
Gross pro...View Answer
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Correct Answer:
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Gross pro...View Answer
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