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How did they get this answer? 9. Sheridan Co. uses the retail inventory method. The following information is available for the current year. Beginning Inventory
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9. Sheridan Co. uses the retail inventory method. The following information is available for the current year. Beginning Inventory Purchases Freight-In Employee Discounts Net Markups Net Markdowns Sales Revenue Cost $318000 1230000 25500 Retail $480000 1740000 8900 52000 92000 1620000 The approximate cost of the ending inventory by the conventional retail method is a. b. c. d. $407816 $381912 $410000 $378053
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
