Question
On June 30, Concord Corporation has the following data pertaining to the retail inventory method. Goods available for sale: at cost $55,600; at retail $69,500;
On June 30, Concord Corporation has the following data pertaining to the retail inventory method. Goods available for sale: at cost $55,600; at retail $69,500; net sales $40,900; and ending inventory at retail $28,600. Compute the estimated cost of the ending inventory using the retail inventory method.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
