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The Following Information Is Available for the Underwater Company for the Three

Question 36

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The following information is available for the Underwater Company for the three months ended March 31 of this year: The following information is available for the Underwater Company for the three months ended March 31 of this year: The gross margin was estimated to be 25 percent of sales.What is the estimated inventory balance at March 31? A) $600,000 B) $350,000 C) $562,500 D) $450,000 The gross margin was estimated to be 25 percent of sales.What is the estimated inventory balance at March 31?


A) $600,000
B) $350,000
C) $562,500
D) $450,000

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