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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 31
Solve the following application problem. Round stock turnover to the nearest hundredth.
EVALUATING INVENTORY Cell Phones Plus had an inventory of $27,000 at cost and $45,000 at retail on March 31. During the next three months, they made purchases of $108,000 at cost and $180,000 at retail and had net sales of $162,000. Use the retail method to estimate the value of inventory at cost on June 30.
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EVALUATING INVENTORY Cell Phones Plus had an inventory of $27,000 at cost and $45,000 at retail on March 31. During the next three months, they made purchases of $108,000 at cost and $180,000 at retail and had net sales of $162,000. Use the retail method to estimate the value of inventory at cost on June 30.
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Explanation
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Find the value of goods available for sa...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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