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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?
Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition?
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