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Garrison Company uses the retail method of inventory costing. It started the year with an inventory that had a retail cost of $48,942.00. During the

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Garrison Company uses the retail method of inventory costing. It started the year with an inventory that had a retail cost of $48,942.00. During the year, Garrison purchased an inventory with a retail sales value of $ 762,598.00. After performing a physical inventory, Garrison found the inventory at retail to be $58,890.00. The markup is 100% of cost. Determine the ending inventory at its estimated cost. a. $376,325.00 b. $58,890.00 c. $29,445.00 d. $19,497.00

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