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Please explain calculation Henko Co. uses the retail inventory method to estimate its inventory for interim statement purpose. Date relating to the computaion of the

image text in transcribedPlease explain calculation
Henko Co. uses the retail inventory method to estimate its inventory for interim statement purpose. Date relating to the computaion of the inventory at uly 31, 2014, are as follows: Under the retail inventory method (regular method used to apporoximate average cost assumption, not the conventioanl retail method), Henke's estimated inventory at July, 31, 2014 is A. $171,423. BN. $186,000. C.$162,000. D. $173,259

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