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Business, 03.04.2020 02:41 bangtann77

Blue Spruce Company reported the following information for November and December 2019. November December Cost of goods purchased $519,000 $716,000 Inventory, beginning-of-month 118,000 101,960 Inventory, end-of-month 101,960 UnknownSales revenue 840,000 1,000,000Required:a. Compute the gross profit rate for November. b. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire.

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