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Walters Department Store uses the retail inventory method to estimate its inventories. It calculated its cost-to-retail ratio during the period at 70%. Goods available for

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Walters Department Store uses the retail inventory method to estimate its inventories. It calculated its cost-to-retail ratio during the period at 70%. Goods available for sale at retail amounted to $300,000 and goods were sold during the period for $160,000. The estimated cost of the ending inventory is Select one: A $140,000 OB. $98,000. O C. $200,000. O D. $210,000 Clear my choice Next page

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