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Solve problem related to rutledge equipment company

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Reference no: EM131628242

Question: 1. Rutledge Equipment Company had net sales of $335,000. The beginning inventory at retail was $122,000 and the ending inventory at retail was $155,000. Find the turnover rate at retail.

2. The 7th Inning Baseball Card Shop had a beginning inventory cost of $59,800. The ending inventory cost was $48,500. If the cost of the goods sold during the period was $117,500, find the turnover rate at cost.

Reference no: EM131628242

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