May's Dress Shop's inventory at cost on January 1 was $43,000. Its retail value was...
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May's Dress Shop's inventory at cost on January was $ Its retail value was $ During the year, May purchased additional merchandise at a cost of $ with a retail value of $ The net sales at retail for the year were $ Calculate May's inventory at cost by the retail method. Note: Round the "cost ratio" to the nearest whole percent. tableCost,Retail,tableBeginning inventoryPurchasesPurchasesCost of goods available for saleLess net sales for yearEnding inventory at retailCost ratio,,,
May's Dress Shop's inventory at cost on January was $ Its retail value was $ During the year, May purchased additional merchandise at a cost of $ with a retail value of $ The net sales at retail for the year were $
Calculate May's inventory at cost by the retail method.
Note: Round the "cost ratio" to the nearest whole percent.
tableCost,Retail,tableBeginning inventoryPurchasesPurchasesCost of goods available for saleLess net sales for yearEnding inventory at retailCost ratio,,,
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