Question: Complete the following using the retail inventory method. (Round cost ratio to the nearest wholepercent.) Cost Retail Goods Available for Sale Beginning Inventory Net Purchases

Complete the following using the retail inventory method. (Round cost ratio to the nearest wholepercent.)

Cost Retail Goods Available for Sale Beginning Inventory Net Purchases $51 $120 21 60 Cost of Goods Available for Sale Cost Ratio Net Sales at Retail Inventory at Retail Ending Inventory 130

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