Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information is available for the month end of july 1 sales 200,000 immature july 1 171,000 and 300,000 net purchases 90,000 and 150,000 goods available for sale 261,000 and 450,000 using the retail method
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Fashion house uses the retail method to estimate ending inventory in his monthly financial statement...
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