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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 Merch 3 1 ,
Retail Inventory Method
The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year ending on Merch ;
Required:
Evtimate the ending inventory as of March using the retal inventory method.
Evtimete the cost of goods sold for the time period Jasuery through March using the recall invencory methed.
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