Question: TB Problem 9-171 (Algo) Andover Stores uses the average... Andover Stores uses the average cost retail method to estimate its ending inventory. Information as

TB Problem 9-171 (Algo) Andover Stores uses the average... Andover Stores uses

TB Problem 9-171 (Algo) Andover Stores uses the average... Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2024, is as follows: Beginning inventory Net purchases Net sales Required: Cost Retail $ 48,000 248,000 $ 85,000 415,000 403,000 Use the retail method to estimate the June 30, 2024, inventory. Note: Round "Cost-to-retail percentage" to 1 decimal place. Estimated ending inventory (At Retail) Estimated ending inventory (At Cost)

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