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Colonlal Corporation uses the retail method to value its inventory. The following information is avaliable...

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Accounting

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Colonlal Corporation uses the retail method to value its inventory. The following information is avaliable 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 (l.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign

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