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Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are

image text in transcribed Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available at the end of the year: Estimate ending inventory and cost of goods sold (LIFO). Note: Round ratlo colculation to 2 declmal ploces (l.e., 0.1234 should be entered as 12.34% )

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