Hard Candy has a beginning inventory of $2,000.June purchases were $6,000,and retail sales were $3,000.The store has a normal gross profit of 50%.What is the June 30 estimated ending inventory at cost under the gross profit method?

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The Answer of Hard Candy has a beginning inventory of $2,000.June purchases were $6,000,and retail sales were $3,000.The store has a normal gross profit of 50%.What is the June 30 estimated ending inventory at cost under the gross profit method?

Hard Candy Has a Beginning Inventory of $2,000