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Haley's Florist Shop Has the Following Account Balances at the End

Question 109

Multiple Choice

Haley's Florist Shop has the following account balances at the end of the current accounting period. Haley's Florist Shop has the following account balances at the end of the current accounting period. A normal Gross profit percent is 30%. What is the Estimated cost of ending inventory as determined by the Gross profit method? A) $100 890 B) $63 410 C) $28 110 D) $65 590 A normal Gross profit percent is 30%. What is the Estimated cost of ending inventory as determined by the Gross profit method?


A) $100 890
B) $63 410
C) $28 110
D) $65 590

Correct Answer:

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