Current Attempt in Progress Larkspur Shoe Store uses the retail inventory method for its two...
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Accounting
Current Attempt in Progress Larkspur Shoe Store uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)
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