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What is estmated inventory at cost? Below is how I want to start my figuring. Geese Company utilizes the dollar-value LIFO retail inventory method. Its
What is estmated inventory at cost?
Below is how I want to start my figuring.
Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. The current-year price index Is 1.10. Round interim calculations to the nearest whole dollar amount. Estimated ending inventory at cost would be Astof goods available far cole at cost Cost of poods ayaiLle for sole atrell sntof do available far Cost of goads usailable fr seke alprlail
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