Mirage Company's July 1 inventory had a cost of $60,100 and a retail value of $74,100. During

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Mirage Company's July 1 inventory had a cost of $60,100 and a retail value of $74,100. During July, net purchases cost $256,600 with a retail value of $406,000. Net sales at retail for Mirage Company during July were $226,200. Calculate the ending inventory at cost using the retail inventory method. (Round the cost ratio to the nearest hundredth percent.)
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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