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ANSWER THE QUESTIONS THAT FOLLOW BASED ON THE BELOW: The Henderson Company uses the conventional retail method to estimate ending inventory and cost of goods
ANSWER THE QUESTIONS THAT FOLLOW BASED ON THE BELOW: The Henderson Company uses the conventional retail method to estimate ending inventory and cost of goods sold. The following data for 2013 are available in Henderson accounting records: NOTE USE FULL DECIMAL PLACES IN YOUR CALCULATIONS BUT TWO DECIMAL PLACES IN YOUR ANSWERS What is the ending inventory at retail for the year What is the ending inventory at cost for the year What is the estimated Cost Of Goods Sold for the year What is the goods available for sale at cost for the year What is the cost to retail percentage
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