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Apply the retail method to the following company information to estimate the cost of the ending inventory for the current period. Cost Retail Beginning inventory
- Apply the retail method to the following company information to estimate the cost of the ending inventory for the current period.
|
| Cost | Retail |
| Beginning inventory | $25,750 | $43,000 |
| Net purchases | 60,000 | 92,000 |
| Sales |
| 95,000 |
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1st Edition
164953339X, 978-1649533395
