Retail method On the basis of the following data, estimate the cost of the merchandise inventory at
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Retail method On the basis of the following data, estimate the cost of the merchandise inventory at June 30 by the retail method:
Cost Retail June 1 Merchandise inventory $ 165,000 $ 275,000 June 1–30 Purchases (net) 2,361,500 3,800,000 June 1–30 Sales 3,550,000 Appendix
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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