A business using the retail method of inventory costing determines that inventory at retail is $463,700 If the ratio of cost to retail price is 57 , what is the amount of inventory to be reported on the financial statements $fill in the blank 1

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A business using the retail method of inventory costing determines that inventory at retail is $463,700. If the ratio of cost to retail price is

A business using the retail method of inventory costing determines that inventory at retail is $463,700. If the ratio of cost to retail price is 57%, what is the amount of inventory to be reported on the financial statements? $fill in the blank 1

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