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Please help me getting the answer it in this question we need estimated cost of ending inventory Coronado Industries uses the retail inventory method for
Please help me getting the answer it in this question we need estimated cost of ending inventory
Coronado Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item Beginning inventory at cost Beginning inventory at retail Cost of goods purchased Retail price of goods purchased Net sales Men's Shoes Women's Shoes $36.000 58,000 218,000 357.000 378.000 Men's Shoes Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) Estimated cost of ending inventory $ $43,000 I 84,000 322,000 561.000 505,000 Women's Shoes MAStep by Step Solution
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