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Retail Inventory Method The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year ending on March 31 , 20--:

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Retail Inventory Method The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year ending on March 31 , 20--: Required: 1. Estimate the ending inventory as of March 31 using the retail inventory method. $ 2. Estimate the cost of goods sold for the time period January 1 through March 31 using the retail inventory method. $

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