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In 2015, Dakota Company had net sales (at retail) of $260,000. The following additional information is available

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In 2015, Dakota Company had net sales (at retail) of $260,000. The following additional information is available from its records at the end of 2015. Use the retail inventory method to estimate Dakota€™s 2015 ending inventory at cost.
In 2015, Dakota Company had net sales (at retail) of
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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Beginning inventory Cost of goods purchased At Cost At Retall $63,800 $128,400 I15,060 196,800

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At Cost At Retail Goods available for sale Beginning invento...View the full answer


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