Next1 - $ 49,000 80,000 Purchases 209,000 350,000 Goods...

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Next, the cost-to-retail ratio is calculated by dividing the cost of goods available for sale by the retail  value of goods available for sale. Cost Retail Beginning Inventory
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Unformatted text preview: $ 49,000 80,000 Purchases 209,000 350,000 Goods Available for Sale $ 258,000 430,000 Net Sales 400,000 Ending Inventory (Retail) $ 30,000 Cost to Retail Ratio ($ 258,000 + $ 430,000 = 60%)...
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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