The records of Walker, Inc., show the following on December 31 of the current year. Instructions: 1.
Question:
The records of Walker, Inc., show the following on December 31 of the current year.
Instructions:
1. Calculate the corporation's estimated ending inventory using the gross profit method of estimating inventory.
Round the percentages to the nearest 0.1%.
2. Calculate the corporation's estimated ending inventory using the retail method of estimating inventory.
Round the percentages to the nearest 0.1%.
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