Solution-What is the amount of inventory to be reported

What is the amount of inventory to be reported

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1. A business using the retail method of inventory costing determines that merchandise inventory at retail is $880,000. If the ratio of cost to retail price is 65%, what is the amount of inventory to be reported on the financial statements?

Reference no: EM131125277

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What is the amount of inventory to be reported

Reference no: EM131125277

Reference no: EM131125277

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