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Assume the retailer started the year with a beginning inventory of one TV, which had an invoice cost of $300. During the year, the dealer

Assume the retailer started the year with a beginning inventory of one TV, which had an invoice cost of $300. During the year, the dealer cost of identical TVs increased to $400, and the retailer purchases another TV at this cost. The retailer applies replacement cost accounting. Which of the following is the Current Cost of Goods Available for Sale? Question 11Select one: $400 $300 $800 $600

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