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please add explanation 26. A company had sales of $150,000 and cost of goods...

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Accounting

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26. A company had sales of $150,000 and cost of goods available for sale of $300,000 during January. If its gross profit margin is estimated to be 40%, the ending inventory value at January 31 is estimated to be a. $90,000. b) $210,000. c. $180,000. d. $120,000

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