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having a lot of issues with thischapter. just not doing it right please help When Mary Potts arrived at her store on the morning Of
having a lot of issues with thischapter. just not doing it right please help
When Mary Potts arrived at her store on the morning Of January 29. she found empty Owl". display racks; thieves had broken in during lhc night and stolen thc entire inventory A. ing records showed that PcNts had inventory costing On January I. From I January 29. Potts had made net sales of and net purehxses of The during lhe past sc.eral years had consistently averaged 42 percent of nel sales. Potts '0 an insurance claim for thc theft loss. a. Using the profit method. estimate thc Cost Of inventory at the time of the thwft. b. Docs Potts use the periodic inventory method or she ecount for inventory 'Rrpctual melhxl? Defend your answer.
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