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On June 30, Oriole Fabrics has the following data pertaining to the retail inventory method. Goods available for sale at cost $49,700; at retail $70,000;

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On June 30, Oriole Fabrics has the following data pertaining to the retail inventory method. Goods available for sale at cost $49,700; at retail $70,000; net sales $51,700; and ending inventory at retail $18,300 Compute the estimated cost of the ending inventory using the retail inventory method The estimated cost of the ending inventory Click if you would like to Show Work for this question Open Show Weck

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