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  3. b) compute the estimated inventory at may 31, assu

b) Compute the estimated inventory at May 31, assuming that the gross profit is 25%...

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Accounting

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b) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost.

Pina Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May

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