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Clean Auto Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $250,000 $ 500,000
Clean Auto Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $250,000 $ 500,000 Goods purchased 1,000,000 2,000,000 Net sales 1,750,000 The estimated cost of the ending inventory is
a. $375,000.
b. $500,000.
c. $750,000.
d. $1,000,000.
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