Question: Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2021, is as follows: Cost Beginning

Andover Stores uses the average cost retail method to estimate its ending

Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2021, is as follows: Cost Beginning inventory Net purchases Net sales $ 39,000 239,000 Retail $ 76,000 424,000 394,000 Required: Use the retail method to estimate the June 30, 2021, inventory. (Round "Cost-to-retail percentage" to 1 decimal place.) Estimated ending inventory (At Retail) Estimated ending inventory (At Cost)

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