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Universal Suppliers had sales of $ 4 7 1 , 0 0 0 in the month of June. Use the retail method to estimate the

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Universal Suppliers had sales of $471,000 in the month of June. Use the retail method to estimate the value of the inventory (in $ ) as of June 30 given the following financial information:
Universal Suppliers
Financial Highlights
June 1-June 30
\table[[,Cost,Retail],[Beginning Inventory,$304,371,$583,900
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