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August 5, 2015

Homework Help: Business Math

Posted by Lecreshia on Sunday, October 16, 2011 at 5:59pm.

Estimate the cost of ending inventory for August for Roman's Jewelry Store using the retail method on the following data:
Cost Retail
Beginning inventory for August $180,000 $288,000
Purchases during August $70,000 $112,000
Net sales during August $80,000

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