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Margolians Department Store estimates inventory by using the retail inventory method. The following information was developed Beginning inventory Goods purchased Net sales At Retail $
Margolians Department Store estimates inventory by using the retail inventory method. The following information was developed Beginning inventory Goods purchased Net sales At Retail $ 220,000 360,000 330,000 At Cost $ 80,000 152,000 The estimated cost of the ending inventory is O $ 250,000 $ 140,000 O $ 95,000 O 5 100,000
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