Mathematics, 03.12.2021 01:00 eddie2468

The August 31 inventory at Kitchen Collection was $43,120 at cost and $61,600 at retail. Purchases during the next four months were $50,460 at cost and $72,100 at retail. After August 31, net sales were $91,800. Use the retail method to estimate the value of the inventory at cost on December 31.

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The August 31 inventory at Kitchen Collection was $43,120 at cost and $61,600 at retail. Purchases d...

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