Question: Swifty Department Store estimates inventory by using the retail inventory method. The following information was developed: Beginning inventory Goods purchased Net sales At Cost At

Swifty Department Store estimates inventory by using the retail inventory method. The following information was developed: Beginning inventory Goods purchased Net sales At Cost At Retail $250000 $700000 910000 1300000 1395000 The estimated cost of the ending inventory is $211400 $350900. $397567. $266900

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