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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
A business uses the retail inventory method to estimate the value of the ending inventory. For the month of May, the cost of goods available for sale is $15,625 at cost and $21,550 at retail. The cost ratio is:
A) 27.5%.
B) 37.9%.
C) 72.5%.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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#1
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6 years ago
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