Question: Complete the following using the retail inventory method. (Round cost ratio to the nearest whole percent.) Cost Retail Goods Available for Sale Beginning Inventory $56

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

Cost Retail Goods Available for Sale Beginning Inventory $56 $112 71 Net Purchases Cost of Goods Available for Sale Cost Ratio Net Sales at Retail Ending Inventory at Retail Ending Inventory at Cost 126

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