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Trask Inc Uses the Average Cost Retail Method to Estimate Its

Question 43

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Trask Inc. uses the average cost retail method to estimate its ending inventory. Partial information at June 30, 2013, is as follows: Trask Inc. uses the average cost retail method to estimate its ending inventory. Partial information at June 30, 2013, 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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