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Universal Suppliers had sales of $477,000 in the month of June. Use the retail method to estimate the value of the inventory (in $)
Universal Suppliers had sales of $477,000 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 Cost Retail Beginning Inventory $306,371 $581,900 Net Purchases (June) 123,353 228,900 $
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
