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Indigo inc uses the retail imentory method to estimate ending imentory for its monthly financial staternents. The following data pertain to a single department for
Indigo inc uses the retail imentory method to estimate ending imentory for its monthly financial staternents. The following data pertain to a single department for the inonth of August 2018. (a) Using the conventional retail method, compute estimated lower-of cost or-market irventory for AwBust 31,2018 , Round rotios for computational purposes to 0 decimal ploces es 760 and tinal enswer to 0 decimal places es 28.937) Ending inventory at lower-of-cuet-or-markent 5
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