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Business, 31.12.2019 01:31 yooooo005

Garrison company uses the retail method of inventory costing. they started the year with an inventory that had a retail cost of $45,000. during the year they purchased an inventory with a retail cost of $300,000. after performing a physical inventory, they calculated their inventory cost at retail to be $80,000. the mark up is 100% of cost. determine the ending inventory at its estimated cost.

$160,000
$80,000
$40,000
$45,000

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