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July 24, 2014

Homework Help: Math/Accounts

Posted by Anna on Wednesday, February 13, 2013 at 3:05pm.

Estimate the cost of ending inventory based on the retail method using the following information:

Cost Retail
Beginning Inventory $ 600,000 $ 800,000
Purchases $ 450,000 $ 600,000
Net Sales $1,000,000

A. $150,000

B. $262,500

C. $300,000

D. $750,000

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