Business, 08.11.2019 23:31 Sydney012618
Marcos industries uses the retail method of inventory costing. the retail value of the inventory is $478,000. if the ratio of cost to retail price is 60%, what is the amount of inventory to be reported on the financial statements?
(a) $286,800
(b) cannot be determined from the information given.
(c) $478,000
(d) $192,200
Answers: 2
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Marcos industries uses the retail method of inventory costing. the retail value of the inventory is...
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