Colonial Corporation uses the retail method to value its inventory. The following information is available...
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Accounting
Colonial Corporation uses the retail method to value its inventory. The following information is available for the year: Required: Determine ending inventory and cost of goods sold by applying the conventional retail method using the information provided Note: Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34% ). Enter omounts to be deducted wit minus sign
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