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West Retail Uses the Retail Method of Inventory Valued at Average

Question 90

Multiple Choice

West Retail uses the retail method of inventory valued at average cost, lower of cost and market. The following information relates to 2012: West Retail uses the retail method of inventory valued at average cost, lower of cost and market. The following information relates to 2012: What is the retail value of the 2012 ending inventory? A) $560 B) $700 C) $800 D) $1,000 What is the retail value of the 2012 ending inventory?


A) $560
B) $700
C) $800
D) $1,000

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