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Retail Inventory Method Unde Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail Beginning inventory $35,000 $92,000 Purchases 75,000 200,000 Net
Retail Inventory Method Unde Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail Beginning inventory $35,000 $92,000 Purchases 75,000 200,000 Net additional markups 15,000 Net markdowns (22,000) Goods available for sale $110,000 $285,000 Sales (178,000) Ending inventory at retail $107.000 Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the UFO cost flow assumption. Round the cost-to-retail ratio to ] decimal places 40,829 X
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Accounting Principles
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
IFRS global edition
1-119-41959-4, 470534796, 9780470534793, 9781119419594 , 978-1119419617
