The last step in using the gross profit method to estimate ending inventory is to:

Name: The last step in using the gross profit method to estimate ending inventory is to:
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The last step in using the gross profit method is to estimate the ending inventory. Once the beginning inventory, cost of goods sold, and cost of goods available for sale have been estimated, the ending inventory can be derived by subtracting the estimated cost of goods sold from the estimated cost of goods available for sale.

The Last Step in Using the Gross Profit Method to Estimate