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Compute the estimated cost of the ending inventory

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Question - On June 30, Fabre Fabrics has the following data pertaining to the retail inventory method: Goods available for sale: at cost $30,440, at retail $54,400, net sales $38,840, and ending inventory at retail $15,560. Compute the estimated cost of the ending inventory using the retail inventory method.

Reference no: EM131818422

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