Unformatted text preview: Estimating Intraperiod Gross Profit
and Inventory - Also assume the beginning inventory is $5
million and purchases are $7.1 million. Ending
inventory can be estimated as: Beginning inventory + Purchases — Ending Inventory = CGS SSH-1+ S7.1|"~.v‘l — El = 37.0M El = 85.1M ...
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- Fall '07
- Financial Accounting