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What is the estimated cost of the ending inventory

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Question - On June 30, Metlock, Inc.has the following data pertaining to the retail inventory method. Goods available for sale: at cost $48,240; at retail $67,000; net sales $43,400; and ending inventory at retail $23,600.

Compute the estimated cost of the ending inventory using the retail inventory method.

What is the estimated cost of the ending inventory?

Reference no: EM132597022

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