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Trask IncUses the Average Cost Retail Method to Estimate Its Ending

Question 23

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Trask Inc.uses the average cost retail method to estimate its ending inventory.Partial information at June 30,2016,is as follows:
Trask Inc.uses the average cost retail method to estimate its ending inventory.Partial information at June 30,2016,is as follows: Required: Assuming Trask's cost-to-retail = 60%,compute Trask's beginning inventory at retail.
Required:
Assuming Trask's cost-to-retail = 60%,compute Trask's beginning inventory at retail.

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