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

Andover Stores uses the average cost retail method to estimate its ending inventory Information as of June 30, 2021, is as follows: Beginning inventory Net purchases Net sales Cost $ 50,000 25e,eee Retail $ 87,eee 413,000 405,000 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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