Question
Fashion Barn;s total cost valuation i s$110,000 and its total retail valuation is $280,000. The adjusted retail book inventory figure has been determined to be
Fashion Barn;s total cost valuation i s$110,000 and its total retail valuation is $280,000. The adjusted retail book inventory figure has been determined to be 265,000. Using the retail method of inventory valuation, what would be Fashion Barn's approximate closing inventory figure at cost?
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
