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BONUS: On the basis of the following data, determine the estimated cost of the inventory as of February 28 by using the Retail Method. *Show

BONUS: On the basis of the following data, determine the estimated cost of the inventory as of February 28 by using the Retail Method. *Show your work. Feb. 1st Feb 20th Feb 28th Merchandise Inventory Purchases (net) Sales (net) Cost $30,000 330,000 Retail $45,000 555,000 580,000

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