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4. (6 points) Mark Price Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented
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Cadig inaby Ending ross profd s Loo0000-0000) x 25/ ohen 25 bales $232500 prof 0 Sale 100D000 10,000) x Eniventy n 9ross 25.Co Tavenbry al Hay Net pchases Bagimoing ty heistGoss pret -Net sales 160,000 Gu0000-12000) +300oo t 232500-(100000o 70000) I

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