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EX 7-17 Retail inventory method On the basis of the following data, estimate the cost of the merchandise inventory at September 30 by the retail
EX 7-17 Retail inventory method On the basis of the following data, estimate the cost of the merchandise inventory at September 30 by the retail method: Cost Retail September 1 Merchandise inventory $ 220,000 $ 320,000 September 130 Purchases (net) 1,718,000 2,530,000 September 130 Sales (net) 2,595,000
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
