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5. The Inventory of Bell department store was destroyed by a fire on September 10,2014. The following data were found in the accounting records Beginning

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5. The Inventory of Bell department store was destroyed by a fire on September 10,2014. The following data were found in the accounting records Beginning inventory Cost of good purchased Net sales at retail Cost $ 450000 $ 200000 Retail $525000 $350000 $320000 Use the gross retail Inventory method to estimate the inventory for March 2014. (10 marks)

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