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Only one hour left, please help. PS: Please be sure to fill in the same form as the form, otherwise I may not understand it.

Only one hour left, please help. PS: Please be sure to fill in the same form as the form, otherwise I may not understand it. image text in transcribed image text in transcribed

Grand Department Store, Incorporated, uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October: Required: 1. Using the conventional retail ending inventory method, prepare a schedule computing estimated lower of cost or market (LCM) inventory and cost of goods sold for October. Note: Round your cost-to-retail percentage to 2 decimal places (i.e., 0.1234 should be entered as 12.34 ) and round your final answers to the nearest whole dollar. Required: 1. Using the conventional retail ending inventory method, prepare a schedule computing estimated lower of cost or market (LCM) inventory and cost of goods sold for October. Note: Round your cost-to-retail percentage to 2 decimal places (i.e., 0.1234 should be entered as 12.34 ) and round your final answers to the nearest whole dollar

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