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Widget Telk Inc.'s original accountant accepted a position with another firm and left in early...

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Accounting

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Widget Telk Inc.'s original accountant accepted a position with another firm and left in early March. You have been asked to review the subsidiary inventory ledger record for Assuming that the product sells for $160 and that 80% of sales are on account, determine the gross profit from sales for March, Making the same assumptions as in (1), determine the ending inventory cost for March, $24, 350.00 Which inventory method is being used? Widget Telk Inc.'s original accountant accepted a position with another firm and left in early March. You have been asked to review the subsidiary inventory ledger record for Assuming that the product sells for $160 and that 80% of sales are on account, determine the gross profit from sales for March, Making the same assumptions as in (1), determine the ending inventory cost for March, $24, 350.00 Which inventory method is being used

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