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Find the estimated ending inventory at june

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Question - Waldo & Sons uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold.

Data for the first six months of 2021 include:

Beginning inventory at cost and retail of $87,000 and $138,000

Net purchases at cost and retail of $330,000 and $498,000

Net sales during the first six months totaled $508,000.

Required - Find the estimated ending inventory at June 30, 2021?

Reference no: EM133080747

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