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Business, 27.11.2020 01:20 wellllm

Clooney Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail
Beginning inventory $360,000 $750,000
Goods purchased 900,000 1,350,000
Net sales 1,400,000

The estimated cost of the ending inventory is:

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Clooney Department Store estimates inventory by using the retail inventory method. The following inf...
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