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Harvey's Junk Jewelry Started Business January 1, 2018, and Uses

Question 94

Multiple Choice

Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018: Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018: - The denominator for the current period's cost-to-retail percentage is: A) $96,300. B) $73,300. C) $101,000. D) $81,500.
- The denominator for the current period's cost-to-retail percentage is:


A) $96,300.
B) $73,300.
C) $101,000.
D) $81,500.

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