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Estimated the ending inventory of lolita company

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Question - Lolita Company has the following information:

Beginning Inventory $190,000

Net Purchases $400,000

Net Sales $770,000

Gross Profit Percentage 30%

Required - Estimated the ending inventory of Lolita Company's.

A. $539,000.

B. $590,000.

C. $51,000.

D. $359,000.

Reference no: EM131588359

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