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Provincial Technology Inc. began the year with inv

Provincial Technology Inc. began the year with inventory of $300,000 and purchased $1,600,000 of goods during the year. Sales for the year are $3,000,000, and Provincial’s gross profit percentage is 40% of sales. Compute Provincial’s estimated cost of ending inventory by using the gross profit method. View Solution: Provincial Technology Inc began the year with inventory of 300 000

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