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The reasoning behind the retail inventory method is that if we can get a good estimate of the cost - to - retail ratio, we
The reasoning behind the retail inventory method is that if we can get a good estimate of the costtoretail ratio, we can multiply ending inventory at retail by this ratio to estimate ending inventory at cost
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
