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tls043 tls043
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1 months ago
Solve the problem.

The August 31 inventory at Kitchen Collection was $42,280 at cost and $60,400 at retail. Purchases during the next four months were $57,810 at cost and $82,600 at retail. After August 31, net sales were $98,500. Use the retail method to estimate the value of the inventory at cost on December 31.

▸ $1,600

▸ $445

▸ $100,100

▸ $31,150
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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keeton1989keeton1989
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