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K Retail Method On the basis of the following data, estimate the cost of the merchandise inventory at June 30 by the ret
Posted: Tue Jul 05, 2022 1:35 pm
by answerhappygod
- K Retail Method On The Basis Of The Following Data Estimate The Cost Of The Merchandise Inventory At June 30 By The Ret 1 (35.97 KiB) Viewed 5 times
K Retail Method On the basis of the following data, estimate the cost of the merchandise inventory at June 30 by the retail method: NOTE: When computing the cost to retail percentage, round to the nearest whole percentage if required. Retail June 1 June 1-30 June 1-30 Merchandise inventory Purchases (net) Sales (net) Cost of the Merchandise Inventory June 30 Ratio of cost to retail price: %% Cost Retail Cost $77,256 566,544 $104,400 765,600 748,000