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The records of macklin co. provide the following information

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Reference no: EM13904999

The records of Macklin Co. provide the following information for the year ended December 31.

579_267-B-M-A-I (1927).png

Required: 

1. Use the retail inventory method to estimate the company's year end inventory. 

2. A year end physical inventory at retail prices yields a total inventory of $ 80,450. 

Prepare a calculation showing the company's loss from shrinkage at cost and atretail.

Reference no: EM13904999

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