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QUESTION
Talkington rae company reports goods available for sale at cost, $76,800. beginning inventory at retail is $40,000 and goods purchased during the period at retail were $80,000. sales for the period am
Talkington rae company reports goods available for sale at cost, $76,800. beginning inventory at retail is $40,000 and goods purchased during the period at retail were $80,000. sales for the period amounted to $85,000. determine the estimated cost of the ending inventory using the retail inventory method. estimated cost of the ending inventory $
