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A company has goods available for sale during a period at cost and at retail of $84000 and $140000, respectively. If sales during the period
A company has goods available for sale during a period at cost and at retail of $84000 and $140000, respectively. If sales during the period amounted to $120000, an estimate of the ending inventory at cost at the end of the period under the retail method is $48000. O $72000. O $12000 O $20000
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