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The Following Information Is Available for the Past Month for a Retail

Question 74

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The following information is available for the past month for a retail store: The following information is available for the past month for a retail store: What is the ending inventory at cost using the basic retail method? (Round cost-to-retail ratios to four decimal places.) A) $24,415 B) $21,500 C) $55,000 D) $23,216 What is the ending inventory at cost using the basic retail method? (Round cost-to-retail ratios to four decimal places.)


A) $24,415
B) $21,500
C) $55,000
D) $23,216

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