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Ashurbanipal Ashurbanipal
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A month ago

Jones Company uses the retail inventory method. Given the following data, what is the ending inventory at cost? Sales at retail $80,000, net purchases at cost $41,200, net purchases at retail $66,800, beginning inventory at cost $22,400, and beginning inventory at retail $36,800. Round cost ratio to the nearest whole percent.



$23,600



$63,600



$14,936



$14,396



None of the answer choices are correct.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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bizmailovabizmailova
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A month ago
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