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If Carmel Knows That the Ending Inventory at Retail for Her

Question 42

Multiple Choice

If Carmel knows that the ending inventory at retail for her corner store is $16 000 and her cost to retail percentage is 65%, her ending inventory at cost can be estimated as:


A) $16 000.
B) $10 400.
C) $26 400.
D) $19 000.

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