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cost were $265,000 and at retail were $745,000. Use the retail method to calculate the cost of the inventory lost in the fire. Complete the

cost were $265,000 and at retail were $745,000. Use the retail method to calculate the cost of the inventory lost in the fire. Complete the table below. (Enter the cost-to-retail ratio as a percentage rounded to the neal Retail Baseball Hats Beginning inventory Cost of goods purchased Goods available for sale Less: Sales at retail Ending inventory remaining at retail Cost to retail ratio: Estimated ending inventory at cost Esto

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