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Business, 30.03.2020 17:03 jaylynomalley

Turturro Department Store utilizes the retail inventory method to estimate its inventories. It calculated its cost to retail ratio during the period at 75%. Goods available for sale at retail amounted to $400,000 and goods were sold during the period for $280,000. The estimated cost of the ending inventory is?

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Turturro Department Store utilizes the retail inventory method to estimate its inventories. It calcu...
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