Question
Lukman Company uses retail inventory method to estimate value of ending inventory and provided you following data. Cost Retail Beginning $60,000 $115,000 inventory Purchases
Lukman Company uses retail inventory method to estimate value of ending inventory and provided you following data. Cost Retail Beginning $60,000 $115,000 inventory Purchases during 163,650 240,000 July Sales during July 305,000 The estimated ending inventory at cost is:
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-0078110856
