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Clooney Department Store Estimates Inventory by Using the Retail Inventory

Question 113

Multiple Choice

Clooney Department Store estimates inventory by using the retail inventory method. The following information was developed: Clooney Department Store estimates inventory by using the retail inventory method. The following information was developed: The estimated cost of the ending inventory is A) $280,000. B) $336,000. C) $420,000. D) $466,667. The estimated cost of the ending inventory is


A) $280,000.
B) $336,000.
C) $420,000.
D) $466,667.

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