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Andover Stores Uses the Average Cost Retail Method to Estimate

Question 9

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Andover Stores uses the average cost retail method to estimate its ending inventory.Information as of June 30,2016,is as follows:
Andover Stores uses the average cost retail method to estimate its ending inventory.Information as of June 30,2016,is as follows: Required: Use the retail method to estimate the June 30,2016,inventory.
Required:
Use the retail method to estimate the June 30,2016,inventory.

Correct Answer:

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