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You Are the Timmins Store Manager for Kruge Enterprises

Question 221

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You are the Timmins store manager for Kruge Enterprises.When you came in this morning,you found the front door ajar.Once your security team had arrived and you got inside,you discovered that most of your inventory had been stolen.In order to file a claim with your insurance company you need to estimate the amount of inventory you had yesterday at closing time.Unfortunately,Kruge Enterprises uses a periodic inventory system.How can you estimate your lost inventory amount?

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