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Wally - Mart values its inventory using the conventional retail inventory method. It discloses the following data for its recent period. Compute estimated ending inventory
WallyMart values its inventory using the conventional retail inventory method. It discloses the following data for its recent period.
Compute estimated ending inventory for the periodend using the conventional retail inventory method.
Note: Use negative signs as appropriate in the following schedule.
Cost Ratio
Note: Use the result above EXACTLY as shown to compute the following amount.
Estimated ending inventory at cost:
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