Henke Co. uses the retail inventory method to estimate its inventory for interim statement purposes....
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Henke Co. uses the retail inventory method to estimate its inventory for interim statement purposes. Data relating to the computation of the inventory at July 31, 2017, are as follows: Ch09_136 Under the lower-of-cost-or-market method, Henke's estimated inventory at July 31, 2017 is $243,000. $261,000. $279,000. $405,000.
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