The first step is to calculate the retail value of ending inventory by subtracting net sales from th

The first step is to calculate the retail value of ending inventory by subtracting net sales from th

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The first step is to calculate the retail value of ending inventory by subtracting net sales from the  retail value of goods available for sale. Cost
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Unformatted text preview: Retail Beginning Inventory $ 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...
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