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    Financial Managerial Accounting Study Set 1
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    Exam 8: Inventories and the Cost of Goods Sold
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    Estimate the Cost of the May 31 Inventory Using the Retail
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Estimate the Cost of the May 31 Inventory Using the Retail

Question 124

Question 124

Multiple Choice

Estimate the cost of the May 31 inventory using the retail method.


A) $116,964.
B) $137,400.
C) $150,425.
D) $204,000.

Correct Answer:

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