Use the below data, to calculate the Cost to Retail percentage: Cost Retail Beginning Inventory $40,000 $80,000
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Question:
Use the below data, to calculate the Cost to Retail percentage:
Cost Retail Beginning Inventory $40,000 $80,000 Plus: Net Purchases $87,200 $460,000 Goods Available for Sale $127,200 and $540,000
The accounting department realized there has been an inventory change from $190,000 worth of inventory to $187,000 worth of inventory.
record a journal entry to document the change?
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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