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Exhibit 8-2 The Dormer Company Uses the Gross Profit Method to Estimate

Question 47
Multiple Choice
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Multiple Choice

Exhibit 8-2
The Dormer Company uses the gross profit method to estimate its inventory in interim financial statements. The markup on cost is 50%. The following information is available: img
-Refer to Exhibit 8-2. The estimated inventory at January 31, 2016, is

A) $25,500
B) $21,500
C) $16,000
D) $12,000

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