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1.Given the following October 2017 data for the Paquette Company: Using the Retail method, the inventory cost estimate at 10/31/17 is: Select one: a. $2,900
1.Given the following October 2017 data for the Paquette Company: Using the Retail method, the inventory cost estimate at 10/31/17 is:
Select one:
a. $2,900
b. $2,354
c. $2,278
d. $2,250
e. $3,000
2.Given the following March 2016 data for the Werthmann Company: The estimated inventory at 3/31/16 is:
Select one:
a. $500
b. $1,200
c. $720
d. $800
e. $320
At Cost $1,000 Beginning Inventory Mark ups Mark-up Cancellations Net Sales Net Purchases At Retail $1,250 $250 $150 $5,000 $6,650 $5,000 Beginning Inventory March Purchases March Sales Revenue Mark-up on Cost $1,100 $900 $1,600 25%Step by Step Solution
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