Chapter 2

Oct 12, 2009 · If the gross profit ratio is typically 25%, the estimated cost of the ending inventory under the gross profit method would be: $69,750 Impossible to determine from the information provided. $93,000 $23,250 $46,500 14. Maria-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 9 units were purchased at $11 per unit. ................
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