Question: Appendix EX 6-22 Retail method A business using the retail method of inventory costing determines that merchandise inventory at retail is $1,235,000. If the ratio

Appendix EX 6-22 Retail method A business using the retail method of inventory costing determines that merchandise inventory at retail is $1,235,000. If the ratio of cost to retail price is 54%, what is the amount of inventory to be reported on the financial statements

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