Business, 27.12.2019 01:31 DineroLaForeign
On january 1, 2018, the coldstone corporation adopted the dollar-value lifo retail inventory method. beginning inventory at cost and at retail were $180,000 and $282,000, respectively. net purchases during the year at cost and at retail were $604,500 and $920,000, respectively. markups during the year were $10,000. there were no markdowns. net sales for 2018 were $900,000. the retail price index at the end of 2018 was 1.04. what is the inventory balance that coldstone would report in its 12/31/2018 balance sheet?
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On january 1, 2018, the coldstone corporation adopted the dollar-value lifo retail inventory method....
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