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2 20 points eBookPrintReferencesCheck my workCheck My Work button is now enabled3Item 2 Between The Ears (BTE.com) is a popular Internet music store. During the
2 20 points eBookPrintReferencesCheck my workCheck My Work button is now enabled3Item 2 Between The Ears (BTE.com) is a popular Internet music store. During the current year, the companys cost of goods available for sale amounted to $464,000. The retail sales value of this merchandise amounted to $847,000. Sales for the year were $747,000. At year-end, BTE.com takes a physical inventory. The general manager walks through the warehouse counting each type of product and reading its retail price into a recorder. From the recorded information, another employee prepares a schedule listing the entire ending inventory at retail sales prices. The schedule prepared for the current year reports ending inventory at $43,273 at retail sales prices
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