Solved: How to estimate ending inventory and cost of goods sold, Cost Accounting

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How to estimate ending inventory and cost of goods sold

Complete the following with example

The Rider Company uses the gross profit method to estimate ending inventory and cost of goods sold. The cost percentage is determined based on historical data. What factors could cause the estimate of ending inventory to be overstated?

Make sure you use enough details to support your answer.

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Cost Accounting: How to estimate ending inventory and cost of goods sold

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Cost Accounting: How to estimate ending inventory and cost of goods sold

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