Question: A small point could store has been using the retail method FIFO, lower custom market to value its inventory. The following Information are giving: The

A small point could store has been using the retail method FIFO, lower custom market to value its inventory. The following Information are giving: The purchases: 1000 The dept sales: 2400 The inventory values 3000 The markups 500 Solow 700 Determine in the December 31st, 2005, inventory costs under retail method FIFO

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