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Braxton Company Uses the Retail Method to Estimate the Cost

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Braxton Company uses the retail method to estimate the cost of ending inventory. Use the following information to estimate the cost of Braxton's ending inventory on December 31, 2010, using the retail method. Show your answer in good form.
Braxton Company uses the retail method to estimate the cost of ending inventory. Use the following information to estimate the cost of Braxton's ending inventory on December 31, 2010, using the retail method. Show your answer in good form.

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