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A business using the retail method of inventory costing determines that merchandise inventory at retail is $565,900. If the ratio of cost to retail price

A business using the retail method of inventory costing determines that merchandise inventory at retail is $565,900. If the ratio of cost to retail price is 67%, what is the amount of inventory to be reported on the financial statements? A business using the retail method of inventory costing determines that merchandise inventory at retail is $565,900. If the ratio of cost to retail price is 67%, what is the amount of inventory to be reported on the financial statements

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