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

Question 27

Multiple Choice

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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