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'138. Watson Department Store utilizes the retail inventory method to estimate its inventories. lt calculated its cost to retail ratio during the period at 75%.

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'138. Watson Department Store utilizes the retail inventory method to estimate its inventories. lt calculated its cost to retail ratio during the period at 75%. Goods available for sale at retail amounted to $400,000 and goods were sold during the period for $250,000. The estimated cost of the ending inventory is a. $150,000. b. $300,000. 0. $112,500. d. $200,000

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