Apply the retail inventory method to estimate ending inventory for XYZ Co., assuming the following information. Item
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Apply the retail inventory method to estimate ending inventory for XYZ Co., assuming the following information. Item Cost Goods available at retail selling prices $100,000 Goods sold at retail prices $60,000 Cost of goods sold is 70% of retail Cost of ending inventory ?
$28,000
$40,000
$42,000
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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