Mathematics, 04.02.2020 19:48 tiiia
Garrison company uses the retail method of inventory costing. it started the year with an inventory that had a retail cost of $45,000. during the year, garrison purchased an inventory with a retail sales value of $300,000. after performing a physical inventory, garrison calculated the inventory at retail to be $80,000. the markup is 100% of cost. determine the ending inventory at its estimated cost.
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dollars
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Garrison company uses the retail method of inventory costing. it started the year with an inventory...
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