Question
Apply the retail method to the following information and calculate the cost of the ending inventory: Cost Retail Beginning inventory $15,200 $28,600 Net purchases 34,480
Apply the retail method to the following information and calculate the cost of the ending inventory:
Cost
Retail
Beginning inventory
$15,200
$28,600
Net purchases
34,480
54,200
Sales
72,800
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
