Bakstreet Company wants to estimate inventory destroyed by flood. Its average gross profit percentage is...
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Bakstreet Company wants to estimate inventory destroyed by flood. Its average gross profit percentage is 47%. The following information is available (5 points) (1) Beginning inventory (2) Purchases (3) Purchases retums and allowances (4) Transportation-in: (5) Sales (6) Sales retums and allowances: $113,250 $580,250 $4,000 $3,725 $895,850 $9,750 amre profit method Round numbers to the nearest dollar, if necessary
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