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The formula for Step 1 of the retail inventory method is: multiple choice Goods available for sale at cost divided by goods available for sale
The formula for Step of the retail inventory method is:
multiple choice
Goods available for sale at cost divided by goods available for sale at retail.
Ending inventory at retail times the costtoretail ratio.
Goods available for sale at retail minus net sales at retail.
Goods available for sale at retail plus net sales at retail.
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