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Category > Accounting Posted 16 May 2017 My Price 7.00

Estimate the ending inventory and cost of goods sold for 2016, applying the conventional retail method.

Conventional retail method; normal spoilage

Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2016 are as follows:

Required:

Estimate the ending inventory and cost of goods sold for 2016, applying the conventional retail method.

 

 

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Alpha Geek
(8)
Status NEW Posted 16 May 2017 06:05 AM My Price 7.00

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Attachments

file 1494917623-1848668_1_636304349535611609_conventional-retail-method.xlsx preview (120 words )
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