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Unformatted text preview: This information provides another way to estimate ending inventory. Suppose a retail store wants to estimate the cost of ending inventory using the information shown below. Cost Retail Beginning Inventory $ 49,000 80,000 Purchases 209,000 350,000 Goods Available for Sale $ 258,000 430,000 Net Sales $ 400,000...
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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.
- Fall '10