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Manila Bread Company Uses the Average Cost Retail Method to Estimate

Question 24

Essay

Manila Bread Company uses the average cost retail method to estimate its ending inventories.The following data has been summarized for the year 2016:
Manila Bread Company uses the average cost retail method to estimate its ending inventories.The following data has been summarized for the year 2016: Required: Estimate the ending inventory as of December 31,2016.
Required:
Estimate the ending inventory as of December 31,2016.

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