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Complete the following schedule by using the retail method to estimate ending inventory for September and October. GIVEN DATA October Cost Retail September Cost Retail

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Complete the following schedule by using the retail method to estimate ending inventory for September and October. GIVEN DATA October Cost Retail September Cost Retail $ 106,000 $ 155,000 600,000 950,000 550,000 1,000,000 Beginning inventory..... Cost of goods purchased. Goods available for sale Less: Net sales at retail... Ending inventory at retail Cost of retail ratio Estimated ending inventory 780,000 820,000

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