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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

1

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 cost

-

-

retail 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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