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    Intermediate Accounting Study Set 4
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    Exam 11: Short-Term Operating Assets: Inventory
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    The Following Information Is Available for the Month of June
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The Following Information Is Available for the Month of June

Question 58

Question 58

Essay

The following information is available for the month of June for a retail store:
The following information is available for the month of June for a retail store:    Required: Calculate the ending inventory at cost using the basic retail method.Round ratios to four decimal places.(For example,0.40127 = 0.4013) Required:
Calculate the ending inventory at cost using the basic retail method.Round ratios to four decimal places.(For example,0.40127 = 0.4013)

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