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Please give me a typed answers. I can't read your hand written answers.. Gena Company uses the retail method of inventory costing. They started the

image text in transcribed Please give me a typed answers. I can't read your hand written answers..
Gena Company uses the retail method of inventory costing. They started the year with an inventory that had a retail cost of $35,000. During the year they purchased an inventory with a retail cost of $300,000. After performing a physical inventory, they calculated their inventory at 52,000. The mark up is 100% of cost. Determine the ending inventory at its estimated cost. ANS: On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item. Show your work. Inventory Quantity Unit Cost Unit Market Price S5 Item Price Product C Product D 420 370 S6 12 14 ANS Unit Unit Total Inventory Cost Market Quantity Price Price Cost Market of C or M Item

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