Question: Exercise 9 - 1 4 ( Algo ) Conventional retail method [ LO 9 - 4 ] Colonial Corporation uses the retail method to value

Exercise 9-14(Algo) Conventional retail method [LO9-4]
Colonial Corporation uses the retail method to value its inventory. The following information is available for the year:
\table[[,Cost,Retail],[Beginning inventory,$390,000,$320,000
Exercise 9-14(Algo) Conventional retail method [LO9-4] Colonial Corporation uses the retail

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