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Would like to double check my work to make sure I'm correct. My answer was $2,300 Question 2 (0.25 points) Short answer sample question A
Would like to double check my work to make sure I'm correct.
My answer was $2,300
Question 2 (0.25 points) Short answer sample question A company uses the cost retail inventory method to value its merchandise inventory. The following schedule is prepared for the current year (only partial information is included in this example): Cost Retail Beginning inventory $ 300 $ 500 Purchases 1,000 2,000 300 Net markups 1,000 Sales revenue Based on the given information, what is the ending inventory at retail? (Note: Enter your answer only; work is not required) Step by Step Solution
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