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Terry's Electronics Uses the Retail Method to Determine Inventory Cost

Question 171

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Terry's Electronics uses the retail method to determine inventory cost. The following information is available for the month of January, 2014: Terry's Electronics uses the retail method to determine inventory cost. The following information is available for the month of January, 2014: Instructions Calculate the estimated cost of the January 31, 2014 inventory using the retail inventory method. Instructions
Calculate the estimated cost of the January 31, 2014 inventory using the retail inventory method.

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