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ssume Abdullah company has the following information, January 1 Beginning inventory at cost $7,800 and at retail $19,500. Net purchases at cost $45,400 and at
ssume Abdullah company has the following information, January 1 Beginning inventory at cost $7,800 and at retail $19,500. Net purchases at cost $45,400 and at retail $98,500.
What is the cost of goods available for sale at cost?
What is the cost of goods available for sale at retail?
What is the estimated ending inventory at retail if the net sales at retail is $95,000?
What is the cost ratio?
What is the estimated ending inventory at cost?
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