Question: Patel packing had following information for its inventory . Beginning inventory cost:$107.000; RETAIL$130,000 Net purchase cost $ 58000;retail $12000 sales at retail $145000 what is

Patel packing had following information for its inventory . Beginning inventory cost:$107.000; RETAIL$130,000 Net purchase cost $ 58000;retail $12000 sales at retail $145000 what is the estimated cost of the ending inventory?

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To calculate the estimated cost of the ending inventory we can use the retail inventory method ... View full answer

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