Use the information in RES-7. Calculate Uncle Butchs Hunting Supply Shops ending inventory' using the retail inventory
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In RE8-7
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Cost Retail Beginning inventory Purchases Net additional markups Net markdowns 35,000 92,000 200,000 5,000 75,000 Godsraaioble for olb 3110000 3 223000 Sales Ending inventory at retail $110,000 285,000 (178,000 107,000
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Costtoretail ratio 110000307000 ...View the full answer
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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