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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
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:
| Cost | Retail | |
|---|---|---|
| Beginning Inventory | $304,371 | $581,900 |
| Net Purchases (June) | 141,569 | 228,900 |
$
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TExES Business And Finance Secrets Study Guide
Authors: TExES Exam Secrets Test Prep Team
1st Edition
1516706862, 978-1516706860
