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Choosing the ways of the Iron Islands, Greyjoy Nautical Attire has elected the retail...

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Accounting

Choosing the ways of the Iron Islands, Greyjoy Nautical Attire has elected the retail method to determine the value of its inventory for financial statement purposes. The following information is available for the fiscal year's end:
\table[[,Cost,Retail],[Beginning inventory,$300,000,$291,000
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