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What is the amount of inventory to be reported

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Problem - A business using the retail method of inventory costing determines that inventory at retail is $1,235,000. If the ratio of cost to retail price is 54%, what is the amount of inventory to be reported on the financial statements?

Reference no: EM132751368

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What is the amount of inventory to be reported : A business using the retail method of inventory costing determines that inventory at retail is $1,235,000. What is the amount of inventory to be reported
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