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CullumberCo. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 311000 $497000 Purchases 1160000 1560000
CullumberCo. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $311000 $497000 Purchases 1160000 1560000 Freight-in 24500 Employee discounts 8200 Net markups 72000 Net markdowns 82000 Sales revenue 1440000 The ending inventory at retail should be? $598800. $680800. $633300. $600700.
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
