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Pharoah Company reported the following information for November and December 2022. Pharoah's ending inventory at...

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Accounting

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Pharoah Company reported the following information for November and December 2022. Pharoah's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. Estimated cost of ending inventory

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