Andover Stores uses the average cost retail method to estimate its ending inventory Information as...
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Andover Stores uses the average cost retail method to estimate its ending inventory Information as of June 30, 2021, is as follows: Beginning inventory Net purchases Net sales Cost $ 35,000 235,000 Retail $72,000 428,000 390,000 Required: Use the retail method to estimate the June 30, 2021, inventory (Round "Cost-to-retail percentage" to 1 decimal place.)
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