Retail method A business using the retail method of inventory costing determines that inventory at retail is
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Retail method A business using the retail method of inventory costing determines that inventory at retail is
$396,400. If the ratio of cost to retail price is 61%, what is the amount of inventory to be reported on the financial statements?
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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